Glenmede Trust Co. NA maintained its position in shares of Carter’s, Inc. (NYSE:CRI) during the first quarter, Holdings Channel reports. The fund owned 2,708 shares of the textile maker’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Carter’s were worth $233,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Oxford Asset Management purchased a new position in shares of Carter’s during the first quarter valued at approximately $3,712,000. Dimensional Fund Advisors LP boosted its position in shares of Carter’s by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,303 shares of the textile maker’s stock valued at $28,193,000 after buying an additional 1,936 shares during the period. MAI Capital Management boosted its position in shares of Carter’s by 2.9% in the first quarter. MAI Capital Management now owns 7,840 shares of the textile maker’s stock valued at $704,000 after buying an additional 220 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Carter’s during the first quarter valued at approximately $436,000. Finally, Quantbot Technologies LP boosted its position in shares of Carter’s by 141.0% in the first quarter. Quantbot Technologies LP now owns 28,373 shares of the textile maker’s stock valued at $2,547,000 after buying an additional 16,599 shares during the period. 98.56% of the stock is owned by hedge funds and other institutional investors.
Carter’s, Inc. (NYSE:CRI) opened at 85.89 on Monday. The company has a market capitalization of $4.16 billion, a PE ratio of 17.15 and a beta of 0.32. The firm’s 50 day moving average price is $85.76 and its 200-day moving average price is $87.39. Carter’s, Inc. has a one year low of $77.94 and a one year high of $112.58.
Carter’s (NYSE:CRI) last released its earnings results on Thursday, April 27th. The textile maker reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The firm had revenue of $732.80 million during the quarter, compared to the consensus estimate of $713.98 million. Carter’s had a return on equity of 32.77% and a net margin of 7.82%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. Equities analysts forecast that Carter’s, Inc. will post $5.62 earnings per share for the current fiscal year.
Several research analysts recently commented on CRI shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Carter’s in a research report on Wednesday, April 26th. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Friday, April 28th. CL King reaffirmed a “hold” rating on shares of Carter’s in a research report on Thursday, June 8th. FBR & Co set a $111.00 target price on Carter’s and gave the stock a “buy” rating in a research report on Friday, June 16th. Finally, BidaskClub raised Carter’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $101.80.
In other news, SVP Jill Wilson sold 4,288 shares of the company’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $92.10, for a total transaction of $394,924.80. The transaction 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 business’s stock in a transaction dated Wednesday, May 24th. The shares were bought at an average price of $80.10 per share, with a total value of $80,100.00. Following the completion of the transaction, the director now owns 54,331 shares in the company, valued at approximately $4,351,913.10. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.
Carter’s Company Profile
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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