Janney Montgomery Scott LLC Buys 4,322 Shares of Carter’s, Inc. (NYSE:CRI)

Janney Montgomery Scott LLC raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 138.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,438 shares of the textile maker’s stock after purchasing an additional 4,322 shares during the period. Janney Montgomery Scott LLC’s holdings in Carter’s were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in shares of Carter’s during the second quarter worth $32,000. FTB Advisors Inc. bought a new stake in shares of Carter’s in the 2nd quarter valued at approximately $54,000. Quest Capital Management Inc. ADV bought a new stake in shares of Carter’s in the 3rd quarter valued at approximately $55,000. SRS Capital Advisors Inc. bought a new stake in shares of Carter’s in the 2nd quarter valued at approximately $97,000. Finally, Cerebellum GP LLC bought a new stake in shares of Carter’s in the 3rd quarter valued at approximately $128,000.

In other Carter’s news, CEO Michael Dennis Casey sold 20,000 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $103.36, for a total value of $2,067,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amy Woods Brinkley sold 1,298 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.41, for a total value of $119,948.18. Following the completion of the sale, the director now owns 16,468 shares in the company, valued at approximately $1,521,807.88. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.

CRI has been the subject of several recent research reports. UBS Group set a $100.00 price target on Carter’s and gave the company a “hold” rating in a research note on Friday, October 25th. ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a report on Friday, October 4th. DA Davidson raised their target price on Carter’s from $110.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Monness Crespi & Hardt reduced their target price on Carter’s from $120.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Cfra upgraded Carter’s from a “hold” rating to a “buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $110.25.

Shares of NYSE CRI traded down $0.04 during mid-day trading on Tuesday, reaching $108.06. 13,630 shares of the company’s stock were exchanged, compared to its average volume of 623,374. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.14 and a beta of 0.92. The company has a current ratio of 2.53, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80. The business has a fifty day simple moving average of $96.12 and a 200 day simple moving average of $93.99. Carter’s, Inc. has a twelve month low of $75.66 and a twelve month high of $109.71.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.87 EPS for the quarter, topping the Zacks’ consensus estimate of $1.70 by $0.17. The company had revenue of $943.32 million for the quarter, compared to analyst estimates of $936.09 million. Carter’s had a return on equity of 35.47% and a net margin of 7.68%. Carter’s’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 earnings per share. Equities research analysts predict that Carter’s, Inc. will post 6.57 earnings per share for the current fiscal year.

Carter’s Company 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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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

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