Carter’s, Inc. (CRI) Shares Bought by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 17.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,300 shares of the textile maker’s stock after buying an additional 3,200 shares during the period. Canada Pension Plan Investment Board’s holdings in Carter’s were worth $1,895,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CRI. BlackRock Inc. boosted its position in 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 buying an additional 3,998,642 shares during the period. Wellington Management Group LLP boosted its position in Carter’s by 90.3% in the first quarter. Wellington Management Group LLP now owns 1,254,634 shares of the textile maker’s stock valued at $112,665,000 after buying an additional 595,327 shares during the period. Renaissance Technologies LLC acquired a new position in Carter’s during the first quarter valued at $30,460,000. SRS Investment Management LLC boosted its position in 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 buying an additional 303,696 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Carter’s during the first quarter valued at $20,352,000. 99.88% of the stock is currently owned by institutional investors.
Shares of Carter’s, Inc. (NYSE CRI) opened at 87.03 on Friday. Carter’s, Inc. has a one year low of $77.94 and a one year high of $98.88. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 17.07 and a beta of 0.32. The stock’s 50 day moving average price is $87.15 and its 200 day moving average price is $87.54.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The firm had revenue of $692.10 million during the quarter, compared to analyst estimates of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. Analysts expect that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 29th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Friday, August 25th. Carter’s’s dividend payout ratio is currently 29.08%.
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CRI has been the topic of several research analyst reports. Zacks Investment Research cut Carter’s from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Carter’s in a research note on Wednesday, June 21st. BidaskClub raised Carter’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. FBR & Co set a $111.00 price target on Carter’s and gave the company a “buy” rating in a report on Friday, June 16th. Finally, Cowen and Company set a $92.00 price target on Carter’s and gave the company a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $100.40.
In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the business’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 transaction of $1,581,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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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