Advisor Group Inc. Boosts Stake in Carter’s, Inc. (CRI)

Advisor Group Inc. grew its holdings in Carter’s, Inc. (NYSE:CRI) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,549 shares of the textile maker’s stock after acquiring an additional 79 shares during the quarter. Advisor Group Inc.’s holdings in Carter’s were worth $315,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CRI. BlackRock Inc. boosted its position in shares of Carter’s by 10,013.9% in the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock valued at $362,664,000 after acquiring an additional 3,998,642 shares during the period. Lazard Asset Management LLC boosted its position in shares of Carter’s by 1,428.4% in the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after acquiring an additional 2,139,567 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Carter’s in the first quarter valued at approximately $30,460,000. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Carter’s by 137.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after acquiring an additional 312,412 shares during the period. Finally, SRS Investment Management LLC boosted its position in shares of Carter’s by 28.3% in the first quarter. SRS Investment Management LLC now owns 1,376,173 shares of the textile maker’s stock valued at $123,580,000 after acquiring an additional 303,696 shares during the period. 97.10% of the stock is owned by institutional investors.

Carter’s, Inc. (NYSE CRI) opened at 92.76 on Friday. The company has a 50 day moving average price of $92.57 and a 200-day moving average price of $89.02. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 18.19 and a beta of 0.34. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $99.75.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The business had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. Equities analysts predict that Carter’s, Inc. will post $5.61 earnings per share for the current year.

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Several equities research analysts have recently weighed in on CRI shares. Goldman Sachs Group, Inc. (The) started coverage on Carter’s in a research report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective for the company. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Carter’s in a research report on Wednesday, June 21st. Bank of America Corporation started coverage on Carter’s in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective for the company. BidaskClub raised Carter’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Finally, FBR & Co set a $111.00 price objective on Carter’s and gave the company a “buy” rating in a research report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $103.45.

In related news, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction on Friday, August 4th. The shares were 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. Insiders own 3.10% of the company’s stock.

About Carter’s

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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Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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