Jane Street Group LLC Has $357,000 Stake in Carter's, Inc. (CRI)
Jane Street Group LLC lessened its position in Carter's, Inc. (NYSE:CRI) by 68.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,614 shares of the textile maker’s stock after selling 7,863 shares during the period. Jane Street Group LLC’s holdings in Carter's were worth $357,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of CRI. Great West Life Assurance Co. Can raised its position in shares of Carter's by 0.4% in the second quarter. Great West Life Assurance Co. Can now owns 29,129 shares of the textile maker’s stock valued at $2,589,000 after buying an additional 103 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Carter's by 17.7% in the second quarter. Canada Pension Plan Investment Board now owns 21,300 shares of the textile maker’s stock valued at $1,895,000 after buying an additional 3,200 shares during the last quarter. Arizona State Retirement System raised its position in shares of Carter's by 1.0% in the second quarter. Arizona State Retirement System now owns 20,400 shares of the textile maker’s stock valued at $1,815,000 after buying an additional 200 shares during the last quarter. First Trust Advisors LP raised its position in shares of Carter's by 77.6% in the second quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after buying an additional 26,723 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Carter's in the second quarter valued at approximately $921,000. 98.67% of the stock is owned by institutional investors and hedge funds.
Shares of Carter's, Inc. (NYSE:CRI) opened at $113.18 on Wednesday. Carter's, Inc. has a twelve month low of $77.94 and a twelve month high of $117.40. The stock has a market cap of $5,469.16, a P/E ratio of 22.01, a P/E/G ratio of 2.26 and a beta of 0.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.31%. Carter's’s dividend payout ratio is currently 28.46%.
In other Carter's news, Director Paul Fulton sold 10,412 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $100.70, for a total transaction of $1,048,488.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,507 shares of company stock valued at $12,861,396. 3.10% of the stock is owned by insiders.
A number of equities analysts have recently weighed in on CRI shares. Cowen set a $92.00 price objective on shares of Carter's and gave the company a “hold” rating in a research report on Monday, October 23rd. Macquarie started coverage on shares of Carter's in a research report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price objective for the company. Goldman Sachs Group started coverage on shares of Carter's in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price for the company. Oppenheimer 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. Finally, Zacks Investment Research downgraded shares of Carter's from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company. Carter's presently has a consensus rating of “Buy” and a consensus target price of $107.92.
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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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