Starr International Co. Inc. bought a new position in Carter’s, Inc. (NYSE:CRI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,068 shares of the textile maker’s stock, valued at approximately $208,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of Carter’s by 14.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,028,620 shares of the textile maker’s stock valued at $101,422,000 after purchasing an additional 132,471 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Carter’s by 5.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 11,326 shares of the textile maker’s stock valued at $1,117,000 after purchasing an additional 631 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Carter’s in the 3rd quarter valued at $2,499,000. Legal & General Group Plc lifted its stake in shares of Carter’s by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 66,702 shares of the textile maker’s stock valued at $6,577,000 after purchasing an additional 1,055 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Carter’s by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,875,314 shares of the textile maker’s stock valued at $382,106,000 after purchasing an additional 35,282 shares during the period. Institutional investors own 95.82% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. DA Davidson assumed coverage on shares of Carter’s in a report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 target price for the company. Deutsche Bank assumed coverage on shares of Carter’s in a report on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price for the company. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Tuesday, April 2nd. Citigroup reaffirmed a “buy” rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. Finally, TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Carter’s presently has a consensus rating of “Hold” and an average target price of $106.92.
In other news, SVP Jill Wilson sold 2,843 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amy Woods Brinkley sold 2,475 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $96.44, for a total transaction of $238,689.00. Following the sale, the director now directly owns 21,646 shares in the company, valued at approximately $2,087,540.24. The disclosure for this sale can be found here. Insiders have sold 19,883 shares of company stock worth $1,993,643 in the last three months. Corporate insiders own 3.20% of the company’s stock.
NYSE CRI traded up $0.70 during trading hours on Friday, reaching $89.17. The company had a trading volume of 531,629 shares, compared to its average volume of 754,423. Carter’s, Inc. has a 1-year low of $75.66 and a 1-year high of $118.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.68 and a quick ratio of 1.25. The stock has a market capitalization of $4.08 billion, a P/E ratio of 14.18, a PEG ratio of 1.77 and a beta of 0.62.
Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.17. The company had revenue of $741.06 million for the quarter, compared to analysts’ expectations of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. Carter’s’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 earnings per share. As a group, analysts anticipate that Carter’s, Inc. will post 6.64 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.24%. Carter’s’s dividend payout ratio is presently 31.80%.
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Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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