Carter’s Inc. (CRI) Shares Bought by Quantitative Systematic Strategies LLC
Quantitative Systematic Strategies LLC increased its stake in shares of Carter’s Inc. (NYSE:CRI) by 11.2% during the second quarter, Holdings Channel reports. The firm owned 8,063 shares of the company’s stock after buying an additional 811 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Carter’s were worth $847,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Genesee Valley Trust Co. acquired a new stake in Carter’s during the second quarter valued at approximately $223,000. Pacific Global Investment Management CO acquired a new stake in Carter’s during the first quarter valued at approximately $226,000. CIBC World Markets Inc. acquired a new stake in Carter’s during the first quarter valued at approximately $284,000. LS Investment Advisors LLC boosted its stake in Carter’s by 61.7% in the second quarter. LS Investment Advisors LLC now owns 3,107 shares of the company’s stock valued at $331,000 after buying an additional 1,185 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Carter’s during the first quarter valued at approximately $392,000. Institutional investors own 90.76% of the company’s stock.
Carter’s Inc. (NYSE:CRI) traded down 1.21% during trading on Tuesday, hitting $87.35. The stock had a trading volume of 295,259 shares. Carter’s Inc. has a 1-year low of $82.22 and a 1-year high of $112.58. The firm’s 50-day moving average price is $94.00 and its 200-day moving average price is $101.25. The stock has a market cap of $4.37 billion, a PE ratio of 18.78 and a beta of 0.67.
Carter’s (NYSE:CRI) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The company earned $639 million during the quarter, compared to analyst estimates of $636.86 million. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 earnings per share. On average, equities research analysts predict that Carter’s Inc. will post $5.07 earnings per share for the current fiscal year.
Several analysts have recently commented on CRI shares. Credit Agricole SA started coverage on Carter’s in a report on Wednesday, September 28th. They issued an “underperform” rating and a $95.00 price target for the company. FBR & Co reissued a “buy” rating and issued a $111.00 price target on shares of Carter’s in a report on Friday, September 16th. Zacks Investment Research cut Carter’s from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. Wells Fargo & Co. cut Carter’s from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $111.00 to $93.00 in a report on Tuesday, September 27th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 price target on shares of Carter’s in a report 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’s stock. Carter’s presently has an average rating of “Hold” and an average target price of $109.00.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.
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