Janus Henderson Group PLC boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 1,216.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,399,870 shares of the textile maker’s stock after acquiring an additional 3,141,568 shares during the period. Janus Henderson Group PLC owned 7.11% of Carter’s worth $302,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CRI. BlackRock Inc. increased its stake in Carter’s by 1.8% during the 2nd quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock valued at $365,614,000 after purchasing an additional 71,765 shares in the last quarter. Vanguard Group Inc. increased its stake in Carter’s by 2.8% during the 1st 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. Lazard Asset Management LLC increased its stake in Carter’s by 1,428.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after purchasing an additional 2,139,567 shares in the last quarter. Valinor Management L.P. increased its stake in Carter’s by 1.1% during the 1st 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. Finally, SRS Investment Management LLC increased its stake in Carter’s by 28.3% during the 1st 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. 97.10% of the stock is owned by institutional investors.

A number of analysts have weighed in on the stock. BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Tuesday, September 26th. CL King restated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. FBR & Co restated a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Carter’s presently has a consensus rating of “Buy” and a consensus target price of $103.45.

Shares of Carter’s, Inc. (NYSE CRI) traded down 0.68% during mid-day trading on Friday, reaching $95.25. 108,117 shares of the company traded hands. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 18.68 and a beta of 0.34. The firm has a 50-day moving average price of $91.28 and a 200 day moving average price of $88.85. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $99.75.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 29th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $1.48 annualized dividend and a yield of 1.54%. Carter’s’s dividend payout ratio (DPR) is presently 29.08%.

In related news, Director Paul Fulton sold 8,643 shares of the stock in a transaction that occurred on 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 filing with the SEC, which is available at the SEC website. Also, Director Thomas E. Whiddon sold 17,500 shares of the 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 disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.

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Carter’s 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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