Carter’s Inc. (CRI) Position Reduced by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado decreased its stake in shares of Carter’s Inc. (NYSE:CRI) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,750 shares of the company’s stock after selling 998 shares during the period. Public Employees Retirement Association of Colorado owned about 0.30% of Carter’s worth $16,050,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in CRI. State Street Corp boosted its position in shares of Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock valued at $141,885,000 after buying an additional 16,154 shares during the period. Geode Capital Management LLC boosted its position in shares of Carter’s by 5.0% in the first quarter. Geode Capital Management LLC now owns 310,152 shares of the company’s stock valued at $32,683,000 after buying an additional 14,739 shares during the period. Ngam Advisors L.P. boosted its position in shares of Carter’s by 11.8% in the first quarter. Ngam Advisors L.P. now owns 15,338 shares of the company’s stock valued at $1,616,000 after buying an additional 1,613 shares during the period. Seven Eight Capital LLC purchased a new position in shares of Carter’s during the first quarter valued at about $531,000. Finally, BlackRock Inc. boosted its position in shares of Carter’s by 93.7% in the first quarter. BlackRock Inc. now owns 43,074 shares of the company’s stock valued at $4,539,000 after buying an additional 20,832 shares during the period. 90.76% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Carter’s Inc. (NYSE:CRI) traded up 0.94% on Wednesday, hitting $87.81. The stock had a trading volume of 516,875 shares. The firm has a 50 day moving average price of $93.66 and a 200 day moving average price of $101.15. The company has a market capitalization of $4.40 billion, a P/E ratio of 18.88 and a beta of 0.66. Carter’s Inc. has a one year low of $82.22 and a one year high of $112.58.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.06. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The firm had revenue of $639 million for the quarter, compared to the consensus estimate of $636.86 million. During the same quarter in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Carter’s Inc. will post $5.07 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on CRI shares. Credit Agricole SA started coverage on Carter’s in a report on Wednesday, September 28th. They issued an “underperform” rating and a $95.00 target price on the stock. FBR & Co restated a “buy” rating and issued a $111.00 target price on shares of Carter’s in a report on Friday, September 16th. Zacks Investment Research cut Carter’s from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Wells Fargo & Co. cut Carter’s from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $111.00 to $93.00 in a report on Tuesday, September 27th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $115.00 target price on shares of Carter’s in a report on Friday, September 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Carter’s presently has an average rating of “Hold” and an average price target of $109.00.
In other Carter’s news, CFO Richard F. Westenberger sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Company 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 operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
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