Old Mutual Global Investors UK Ltd. grew its holdings in Carter’s, Inc. (NYSE:CRI) by 64.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 510,645 shares of the textile maker’s stock after purchasing an additional 200,468 shares during the period. Old Mutual Global Investors UK Ltd. owned approximately 1.07% of Carter’s worth $45,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings 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 purchasing an additional 3,998,642 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Carter’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock valued at $328,048,000 after purchasing an additional 99,586 shares in the last quarter. Valinor Management L.P. lifted its holdings in shares of Carter’s by 1.1% in the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock valued at $126,988,000 after purchasing an additional 15,200 shares in the last quarter. SRS Investment Management LLC lifted its holdings 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 purchasing an additional 303,696 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Carter’s by 1.3% in the first quarter. State Street Corp now owns 1,299,438 shares of the textile maker’s stock valued at $116,700,000 after purchasing an additional 16,250 shares in the last quarter. Institutional investors own 97.27% of the company’s stock.

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In other news, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $87.58, for a total value of $756,953.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

CRI has been the subject of a number of research analyst reports. BidaskClub upgraded Carter’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carter’s in a report on Wednesday, June 21st. FBR & Co set a $111.00 target price on Carter’s and gave the company a “buy” rating in a report on Friday, June 16th. CL King restated a “hold” rating on shares of Carter’s in a report on Thursday, June 8th. Finally, Cowen and Company set a $92.00 target price on Carter’s and gave the company a “hold” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Carter’s currently has a consensus rating of “Hold” and an average price target of $101.58.

Shares of Carter’s, Inc. (NYSE:CRI) opened at 91.21 on Thursday. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 17.89 and a beta of 0.30. The company’s 50 day moving average price is $87.47 and its 200 day moving average price is $87.90. Carter’s, Inc. has a one year low of $77.94 and a one year high of $98.88.

Carter’s (NYSE:CRI) last issued its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. The company had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. Carter’s’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.72 EPS. On average, analysts expect that Carter’s, Inc. will post $5.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.62%. Carter’s’s payout ratio is 29.08%.

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

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