Carter’s, Inc. (CRI) Stake Boosted by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. increased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 26.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,959 shares of the textile maker’s stock after purchasing an additional 86,139 shares during the period. Epoch Investment Partners Inc. owned approximately 0.90% of Carter’s worth $40,619,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vident Investment Advisory LLC lifted its holdings in shares of Carter’s by 20.9% during the 2nd quarter. Vident Investment Advisory LLC now owns 12,578 shares of the textile maker’s stock valued at $1,363,000 after purchasing an additional 2,177 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Carter’s by 22.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 34,727 shares of the textile maker’s stock valued at $3,766,000 after purchasing an additional 6,404 shares in the last quarter. Palo Capital Inc. lifted its holdings in shares of Carter’s by 5.0% during the 3rd quarter. Palo Capital Inc. now owns 21,516 shares of the textile maker’s stock valued at $2,121,000 after purchasing an additional 1,027 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Carter’s by 73.8% during the 2nd quarter. LSV Asset Management now owns 90,722 shares of the textile maker’s stock valued at $9,833,000 after purchasing an additional 38,522 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Carter’s during the 2nd quarter valued at about $362,000.

In other news, SVP Jill Wilson sold 2,835 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $96.27, for a total transaction of $272,925.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael Dennis Casey sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $89.07, for a total value of $2,226,750.00. The disclosure for this sale can be found here. Insiders sold a total of 102,835 shares of company stock worth $9,606,925 in the last 90 days. Company insiders own 3.30% of the company’s stock.

Several equities analysts have recently weighed in on CRI shares. Citigroup lifted their price objective on Carter’s from $107.00 to $113.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Tuesday, September 18th. Macquarie set a $100.00 price objective on Carter’s and gave the company a “buy” rating in a report on Friday, October 26th. Monness Crespi & Hardt cut their price objective on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Finally, TheStreet cut Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Carter’s currently has a consensus rating of “Hold” and a consensus price target of $111.20.

NYSE CRI opened at $86.42 on Friday. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.80 and a beta of 0.56. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98. Carter’s, Inc. has a 52 week low of $83.42 and a 52 week high of $129.00.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, October 25th. The textile maker reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). The firm had revenue of $923.91 million during the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. As a group, equities analysts expect that Carter’s, Inc. will post 6.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 27th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.08%. The ex-dividend date is Monday, November 26th. Carter’s’s payout ratio is 31.25%.

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Carter’s Profile

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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

Further Reading: What is the Coverage Ratio?

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

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