Coho Partners Ltd. Has $3.90 Million Stock Position in Carter’s, Inc. (NYSE:CRI)

Coho Partners Ltd. raised its position in shares of Carter’s, Inc. (NYSE:CRI – Get Rating) by 14.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,245 shares of the textile maker’s stock after purchasing an additional 6,544 shares during the quarter. Coho Partners Ltd. owned approximately 0.14% of Carter’s worth $3,898,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in shares of Carter’s by 342.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,795 shares of the textile maker’s stock valued at $2,805,000 after purchasing an additional 30,808 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Carter’s by 14.5% in the 3rd quarter. Victory Capital Management Inc. now owns 1,178,878 shares of the textile maker’s stock valued at $77,251,000 after purchasing an additional 149,321 shares during the period. Barclays PLC lifted its stake in shares of Carter’s by 184.5% in the 3rd quarter. Barclays PLC now owns 25,403 shares of the textile maker’s stock valued at $1,665,000 after purchasing an additional 16,474 shares during the period. Boston Trust Walden Corp grew its stake in Carter’s by 2.2% during the third quarter. Boston Trust Walden Corp now owns 777,830 shares of the textile maker’s stock worth $50,971,000 after purchasing an additional 16,835 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Carter’s in the second quarter worth approximately $957,000. Institutional investors and hedge funds own 99.13% of the company’s stock.

Insider Activity

In related news, CEO Michael Dennis Casey sold 3,145 shares of the stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $75.03, for a total value of $235,969.35. Following the completion of the sale, the chief executive officer now directly owns 380,162 shares of the company’s stock, valued at approximately $28,523,554.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.60% of the company’s stock.

Carter’s Price Performance

Shares of CRI opened at $70.19 on Friday. The business’s fifty day moving average is $77.87 and its 200 day moving average is $74.04. Carter’s, Inc. has a 12-month low of $62.65 and a 12-month high of $97.68. The company has a quick ratio of 0.84, a current ratio of 2.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.64 billion, a P/E ratio of 11.02 and a beta of 1.25.

Carter’s (NYSE:CRI – Get Rating) last released its quarterly earnings data on Friday, February 24th. The textile maker reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.55. The firm had revenue of $912.10 million for the quarter, compared to the consensus estimate of $897.27 million. Carter’s had a net margin of 7.78% and a return on equity of 45.25%. The business’s revenue was down 14.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 earnings per share. Sell-side analysts anticipate that Carter’s, Inc. will post 5.97 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Tuesday, March 7th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Monday, March 6th. Carter’s’s dividend payout ratio (DPR) is presently 47.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wedbush cut Carter’s from an “outperform” rating to a “neutral” rating and set a $78.00 price target on the stock. in a report on Thursday, January 26th. StockNews.com assumed coverage on shares of Carter’s in a research note on Thursday. They set a “hold” rating on the stock. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $82.25.

Carter’s Company Profile

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Carter’s, Inc engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail and online stores. The U.S. Wholesale segment includes sales in the United States of products to wholesale partners.