Ashfield Capital Partners LLC Sells 6,752 Shares of Carter’s, Inc. (CRI)
Ashfield Capital Partners LLC decreased its position in Carter’s, Inc. (NYSE:CRI) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,973 shares of the textile maker’s stock after selling 6,752 shares during the period. Ashfield Capital Partners LLC owned about 0.13% of Carter’s worth $5,922,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CRI. Meeder Asset Management Inc. acquired a new position in Carter’s in the 2nd quarter valued at approximately $118,000. Advisory Services Network LLC acquired a new position in Carter’s in the 2nd quarter valued at approximately $125,000. Mountain Capital Investment Advisors Inc acquired a new position in Carter’s in the 2nd quarter valued at approximately $128,000. PNC Financial Services Group Inc. raised its holdings in shares of Carter’s by 2.1% in the 2nd 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Carter’s by 7.6% in the 2nd 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 in the last quarter. 96.17% of the stock is owned by hedge funds and other institutional investors.
In other Carter’s news, Chairman Michael Dennis Casey sold 26,524 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $101.25, for a total value of $2,685,555.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $87.58, for a total value of $756,953.94. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,103 shares of company stock worth $7,120,587. 3.10% of the stock is owned by corporate insiders.
Carter’s, Inc. (CRI) traded up $1.84 during midday trading on Thursday, reaching $104.15. The company had a trading volume of 966,400 shares, compared to its average volume of 719,505. The company has a market cap of $4,841.65, a price-to-earnings ratio of 19.49, a PEG ratio of 2.00 and a beta of 0.33. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $104.85. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. The business had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. Carter’s’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 EPS. research analysts anticipate that Carter’s, Inc. will post 5.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a yield of 1.42%. Carter’s’s dividend payout ratio (DPR) is presently 28.46%.
A number of equities analysts have recently issued reports on CRI shares. Oppenheimer Holdings, Inc. set a $112.00 target price on Carter’s and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley reissued a “buy” rating on shares of Carter’s in a report on Wednesday, November 1st. FBR & Co reissued a “buy” rating and issued a $111.00 target price on shares of Carter’s in a report on Thursday, October 26th. Zacks Investment Research cut Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, BidaskClub cut Carter’s from a “hold” rating to a “sell” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $104.09.
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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