Crossmark Global Holdings Inc. acquired a new position in shares of Carter’s, Inc. (NYSE:CRI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,110 shares of the textile maker’s stock, valued at approximately $505,000.

Other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC boosted its stake in shares of 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 worth $203,638,000 after buying an additional 2,139,567 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Carter’s by 137.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock worth $47,948,000 after buying an additional 312,412 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Carter’s by 30.8% during the 2nd quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock worth $3,943,000 after buying an additional 10,430 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Carter’s by 77.6% during the 2nd quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock worth $5,442,000 after buying an additional 26,723 shares during the last quarter. Finally, Stevens Capital Management LP boosted its stake in shares of Carter’s by 5.7% during the 2nd quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock worth $6,696,000 after buying an additional 4,030 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

CRI has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, September 26th. Bank of America Corporation initiated coverage on shares of Carter’s in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Carter’s in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price on the stock. Citigroup Inc. upped their target price on shares of Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 27th. Finally, Oppenheimer Holdings, Inc. set a $112.00 target price on shares of Carter’s and gave the company a “buy” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.27.

Carter’s, Inc. (CRI) opened at $105.07 on Monday. The firm has a market cap of $4,972.26, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.33. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter’s, Inc. has a fifty-two week low of $77.94 and a fifty-two week high of $106.67.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. equities research analysts anticipate that Carter’s, Inc. will post 5.63 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.41%. Carter’s’s dividend payout ratio is currently 28.46%.

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In other Carter’s news, Director Paul Fulton sold 10,412 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $100.70, for a total value of $1,048,488.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Michael Dennis Casey sold 26,524 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $101.25, for a total transaction of $2,685,555.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,103 shares of company stock worth $7,120,587. Insiders own 3.10% of the company’s stock.

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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