Reinhart Partners Inc. increased its stake in Carter’s, Inc. (NYSE:CRI) by 51.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,040 shares of the textile maker’s stock after buying an additional 9,860 shares during the period. Reinhart Partners Inc. owned approximately 0.06% of Carter’s worth $2,583,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock valued at $104,000 after buying an additional 30 shares during the period. Meeder Asset Management Inc. acquired a new stake in Carter’s during the second quarter valued at about $118,000. Benjamin F. Edwards & Company Inc. raised its stake in Carter’s by 100.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,392 shares of the textile maker’s stock valued at $125,000 after buying an additional 696 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Carter’s during the first quarter valued at about $158,000. Finally, WFG Advisors LP increased its position in shares of Carter’s by 7.2% in the first quarter. WFG Advisors LP now owns 2,010 shares of the textile maker’s stock valued at $180,000 after buying an additional 135 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.
Carter’s, Inc. (NYSE CRI) traded down 0.57% during trading on Friday, reaching $86.81. 427,499 shares of the company’s stock traded hands. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 17.02 and a beta of 0.32. Carter’s, Inc. has a 12 month low of $77.94 and a 12 month high of $103.32. The firm’s 50 day moving average is $87.92 and its 200-day moving average is $87.36.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.09. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The company had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. During the same period last year, the company earned $0.72 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts expect that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
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Several research analysts have recently weighed in on the stock. CL King restated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. BidaskClub downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. FBR & Co reiterated a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. set a $105.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $100.40.
In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of Carter’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $90.35, for a total value of $1,581,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Pulver bought 1,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was acquired at an average price of $80.10 per share, with a total value of $80,100.00. Following the completion of the acquisition, the director now owns 54,331 shares of the company’s stock, valued at approximately $4,351,913.10. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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