Ladenburg Thalmann Financial Services Inc. increased its stake in Carter's, Inc. (NYSE:CRI) by 39.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,391 shares of the textile maker’s stock after acquiring an additional 3,500 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Carter's were worth $1,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRI. BlackRock Inc. raised its stake in shares of Carter's by 1.8% during the second quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock valued at $365,614,000 after acquiring an additional 71,765 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Carter's by 0.3% during the third quarter. Janus Henderson Group PLC now owns 3,411,220 shares of the textile maker’s stock valued at $336,858,000 after acquiring an additional 11,350 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Carter's by 1,428.4% during the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after acquiring an additional 2,139,567 shares in the last quarter. State Street Corp raised its stake in shares of Carter's by 1.7% during the second quarter. State Street Corp now owns 1,321,596 shares of the textile maker’s stock valued at $117,556,000 after acquiring an additional 22,158 shares in the last quarter. Finally, Harris Associates L P raised its stake in Carter's by 3.2% in the second quarter. Harris Associates L P now owns 968,440 shares of the textile maker’s stock worth $86,143,000 after buying an additional 29,845 shares in the last quarter. Institutional investors own 98.67% of the company’s stock.

A number of equities analysts recently commented on CRI shares. B. Riley boosted their price objective on shares of Carter's from $111.00 to $124.00 and gave the stock a “buy” rating in a research note on Monday. Oppenheimer set a $112.00 price target on shares of Carter's and gave the stock a “buy” rating in a report on Thursday, October 26th. FBR & Co reaffirmed a “buy” rating and issued a $111.00 price target on shares of Carter's in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Carter's from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America began coverage on shares of Carter's in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. Carter's has a consensus rating of “Buy” and an average price target of $107.92.

Shares of Carter's, Inc. (NYSE CRI) opened at $113.18 on Wednesday. The firm has a market cap of $5,469.16, a price-to-earnings ratio of 22.01, a PEG ratio of 2.26 and a beta of 0.37. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. Carter's, Inc. has a 1-year low of $77.94 and a 1-year high of $117.40.

Carter's (NYSE:CRI) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 earnings per share. analysts predict that Carter's, Inc. will post 5.64 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, November 17th. Carter's’s dividend payout ratio (DPR) is presently 28.46%.

In other news, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $99.14, for a total transaction of $2,629,589.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Julie D’emilio sold 3,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $108.25, for a total transaction of $324,750.00. The disclosure for this sale can be found here. Insiders have sold 124,507 shares of company stock worth $12,861,396 over the last three months. Corporate insiders own 3.10% of the company’s stock.

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About Carter's

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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