Vanguard Group Inc. Sells 218,935 Shares of Carter’s Inc. (CRI)
Vanguard Group Inc. cut its stake in Carter’s Inc. (NYSE:CRI) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,466,627 shares of the company’s stock after selling 218,935 shares during the period. Vanguard Group Inc. owned about 6.92% of Carter’s worth $369,092,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock valued at $141,885,000 after buying an additional 16,154 shares in the last quarter. Geode Capital Management LLC raised its stake in Carter’s by 5.0% in the first quarter. Geode Capital Management LLC now owns 310,152 shares of the company’s stock valued at $32,683,000 after buying an additional 14,739 shares in the last quarter. Ngam Advisors L.P. raised its stake in Carter’s by 11.8% in the first quarter. Ngam Advisors L.P. now owns 15,338 shares of the company’s stock valued at $1,616,000 after buying an additional 1,613 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Carter’s during the second quarter valued at approximately $29,457,000. Finally, Seven Eight Capital LLC acquired a new stake in Carter’s during the first quarter valued at approximately $531,000. Institutional investors and hedge funds own 90.76% of the company’s stock.
Carter’s Inc. (NYSE:CRI) traded down 0.18% during midday trading on Friday, hitting $88.48. The stock had a trading volume of 50,931 shares. The firm has a market cap of $4.43 billion, a P/E ratio of 19.02 and a beta of 0.66. Carter’s Inc. has a 52 week low of $82.22 and a 52 week high of $112.58. The stock has a 50-day moving average of $94.63 and a 200-day moving average of $101.45.
Carter’s (NYSE:CRI) last released its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. The company earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 earnings per share. Analysts forecast that Carter’s Inc. will post $5.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Tuesday, August 30th were given a dividend of $0.33 per share. The ex-dividend date was Friday, August 26th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.49%. Carter’s’s payout ratio is currently 28.39%.
Several equities research analysts recently commented on CRI shares. Credit Agricole SA started coverage on shares of Carter’s in a research report on Wednesday, September 28th. They issued an “underperform” rating and a $95.00 price objective on the stock. Zacks Investment Research downgraded shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. FBR & Co reissued a “buy” rating and issued a $111.00 target price on shares of Carter’s in a research note on Friday, September 16th. Wells Fargo & Co. downgraded shares of Carter’s from an “outperform” rating to a “market perform” rating and cut their target price for the company from $111.00 to $93.00 in a research note on Tuesday, September 27th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 target price on shares of Carter’s in a research note on Friday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $109.00.
In related news, CFO Richard F. Westenberger sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company’s stock.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.