BerganKDV Wealth Management LLC cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 8,310 shares of the textile maker’s stock after selling 476 shares during the period. BerganKDV Wealth Management LLC’s holdings in Carter’s were worth $739,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opus Capital Group LLC increased its position in shares of Carter’s by 0.7% in the first quarter. Opus Capital Group LLC now owns 4,096 shares of the textile maker’s stock valued at $367,000 after buying an additional 28 shares during the period. IFP Advisors Inc increased its position in shares of Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock valued at $104,000 after buying an additional 30 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Carter’s by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,473 shares of the textile maker’s stock valued at $671,000 after buying an additional 78 shares during the period. Azimuth Capital Management LLC increased its position in shares of Carter’s by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 34,370 shares of the textile maker’s stock valued at $3,086,000 after buying an additional 95 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Carter’s by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,300 shares of the textile maker’s stock valued at $1,105,000 after buying an additional 100 shares during the period. Institutional investors own 98.56% of the company’s stock.

Carter’s, Inc. (NYSE:CRI) traded up 0.34% during mid-day trading on Monday, hitting $86.18. The stock had a trading volume of 653,663 shares. Carter’s, Inc. has a 12-month low of $77.94 and a 12-month high of $112.58. The company has a 50-day moving average of $85.76 and a 200-day moving average of $87.39. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 17.21 and a beta of 0.32.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, April 27th. The textile maker reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.13. Carter’s had a return on equity of 32.77% and a net margin of 7.82%. The business had revenue of $732.80 million during the quarter, compared to analyst estimates of $713.98 million. During the same period in the prior year, the company posted $1.05 EPS. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts anticipate that Carter’s, Inc. will post $5.62 earnings per share for the current fiscal year.

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Several brokerages have weighed in on CRI. Oppenheimer Holdings, Inc. set a $105.00 target price on Carter’s and gave the company a “buy” rating in a research note on Wednesday, June 14th. Stifel Nicolaus lifted their target price on Carter’s from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. BidaskClub upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. FBR & Co reiterated a “buy” rating on shares of Carter’s in a research note on Thursday. Finally, CL King reiterated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Carter’s presently has an average rating of “Hold” and a consensus target price of $101.80.

In related news, CFO Richard F. Westenberger sold 3,150 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $93.13, for a total value of $293,359.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Pulver acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average cost of $80.10 per share, with a total value of $80,100.00. Following the completion of the acquisition, the director now directly owns 54,331 shares in the company, valued at $4,351,913.10. The disclosure for this purchase can be found here. Corporate insiders own 3.10% of the company’s stock.

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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