Swiss National Bank lifted its position in shares of Carter’s, Inc. (NYSE:CRI) by 1.5% in the first quarter, Holdings Channel reports. The fund owned 83,500 shares of the textile maker’s stock after buying an additional 1,200 shares during the period. Swiss National Bank’s holdings in Carter’s were worth $8,416,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in Carter’s in the first quarter valued at about $542,000. Mackenzie Financial Corp grew its stake in Carter’s by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,348,554 shares of the textile maker’s stock valued at $110,069,000 after acquiring an additional 226,089 shares during the period. Meeder Asset Management Inc. grew its stake in Carter’s by 19.1% in the first quarter. Meeder Asset Management Inc. now owns 2,155 shares of the textile maker’s stock valued at $217,000 after acquiring an additional 346 shares during the period. Delek Group Ltd. grew its stake in Carter’s by 11.7% in the fourth quarter. Delek Group Ltd. now owns 190,544 shares of the textile maker’s stock valued at $15,970,000 after acquiring an additional 20,000 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in Carter’s by 1.3% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 22,092 shares of the textile maker’s stock valued at $1,803,000 after acquiring an additional 290 shares during the period. Institutional investors own 95.82% of the company’s stock.
CRI opened at $95.71 on Friday. Carter’s, Inc. has a 52-week low of $75.66 and a 52-week high of $118.22. The stock has a market cap of $4.33 billion, a P/E ratio of 15.22, a P/E/G ratio of 1.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68.
Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $741.06 million for the quarter, compared to analyst estimates of $724.08 million. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The business’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 earned $1.09 earnings per share. Equities research analysts predict that Carter’s, Inc. will post 6.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $2.00 annualized dividend and a yield of 2.09%. Carter’s’s dividend payout ratio is 31.80%.
Several analysts recently issued reports on CRI shares. TheStreet upgraded Carter’s from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Citigroup reiterated a “buy” rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Tuesday, April 2nd. Deutsche Bank started coverage on Carter’s in a report on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price on the stock. Finally, DA Davidson started coverage on Carter’s in a report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $106.92.
In other Carter’s news, SVP Jill Wilson sold 2,843 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $108.38, for a total value of $308,124.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Richard F. Westenberger sold 3,880 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $106.35, for a total value of $412,638.00. The disclosure for this sale can be found here. Insiders sold 7,223 shares of company stock worth $774,982 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.
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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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