Carter’s, Inc. (CRI) Holdings Maintained by WFG Advisors LP
WFG Advisors LP maintained its position in shares of Carter’s, Inc. (NYSE:CRI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,010 shares of the textile maker’s stock at the end of the second quarter. WFG Advisors LP’s holdings in Carter’s were worth $179,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of CRI. Meeder Asset Management Inc. bought a new position in shares of Carter’s in the second quarter worth about $118,000. Advisory Services Network LLC bought a new position in shares of Carter’s in the second quarter worth about $125,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Carter’s in the second quarter worth about $128,000. PNC Financial Services Group Inc. raised its stake in shares of Carter’s by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after buying an additional 35 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Carter’s by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after buying an additional 124 shares during the period. 97.10% of the stock is currently owned by hedge funds and other institutional investors.
Carter’s, Inc. (CRI) traded down 1.02% during mid-day trading on Thursday, hitting $92.29. The company had a trading volume of 51,953 shares. The firm has a market capitalization of $4.41 billion, a P/E ratio of 18.10 and a beta of 0.34. Carter’s, Inc. has a 12 month low of $77.94 and a 12 month high of $99.75. The company has a 50-day moving average price of $93.30 and a 200 day moving average price of $89.09.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. Carter’s’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 EPS. Equities analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
Several research analysts have recently commented on CRI shares. BidaskClub raised Carter’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Carter’s in a research note on Wednesday, June 21st. FBR & Co reaffirmed a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. Bank of America Corporation started coverage on Carter’s in a research note on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective on the stock. Finally, Cowen and Company set a $92.00 price objective on Carter’s and gave the stock a “hold” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $103.45.
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In other Carter’s news, Director Paul Fulton sold 8,643 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
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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