Opus Capital Group LLC raised its stake in Carter’s, Inc. (NYSE:CRI) by 1,071.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,963 shares of the textile maker’s stock after buying an additional 43,867 shares during the period. Carter’s accounts for approximately 0.8% of Opus Capital Group LLC’s portfolio, making the stock its 28th largest position. Opus Capital Group LLC owned 0.10% of Carter’s worth $4,266,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in CRI. IFP Advisors Inc boosted its stake in 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 in the last quarter. Meeder Asset Management Inc. acquired a new stake in Carter’s during the second quarter valued at approximately $118,000. Benjamin F. Edwards & Company Inc. boosted 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 in the last quarter. Acadian Asset Management LLC acquired a new stake in Carter’s during the first quarter valued at approximately $158,000. Finally, WFG Advisors LP boosted its stake in 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 in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.
Shares of Carter’s, Inc. (NYSE CRI) opened at 85.20 on Friday. The firm has a 50-day moving average price of $87.65 and a 200-day moving average price of $87.39. The firm has a market cap of $4.08 billion, a PE ratio of 16.71 and a beta of 0.32. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $100.60.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The firm had revenue of $692.10 million for the quarter, compared to the consensus estimate of $681.08 million. During the same quarter in the prior year, the business earned $0.72 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts predict that Carter’s, Inc. will post $5.61 earnings per share for the current year.
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CRI has been the subject of several recent analyst reports. 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 note on Friday, April 28th. FBR & Co reaffirmed a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Carter’s in a research note on Wednesday, June 21st. Cowen and Company set a $92.00 target price on Carter’s and gave the stock a “hold” rating in a research note on Thursday, July 27th. Finally, CL King reaffirmed a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $100.40.
In other news, Director David Pulver bought 1,000 shares of Carter’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $80.10 per share, for a total transaction of $80,100.00. Following the acquisition, the director now owns 54,331 shares of the company’s stock, valued at $4,351,913.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas E. Whiddon sold 17,500 shares of the company’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 disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
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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