Norris Perne & French LLP MI increased its stake in Carter’s, Inc. (NYSE:CRI) by 10.4% during the second quarter, Holdings Channel reports. The institutional investor owned 55,131 shares of the textile maker’s stock after buying an additional 5,208 shares during the period. Norris Perne & French LLP MI’s holdings in Carter’s were worth $4,904,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in shares of Carter’s by 6.3% in the first quarter. Capstone Asset Management Co. now owns 4,880 shares of the textile maker’s stock valued at $438,000 after buying an additional 290 shares during the period. Private Trust Co. NA acquired a new stake in shares of Carter’s during the first quarter valued at approximately $473,000. Atria Investments LLC boosted its stake in shares of Carter’s by 10.7% in the first quarter. Atria Investments LLC now owns 3,259 shares of the textile maker’s stock valued at $293,000 after buying an additional 314 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Carter’s by 123.3% in the first quarter. Fox Run Management L.L.C. now owns 6,700 shares of the textile maker’s stock valued at $602,000 after buying an additional 3,700 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake 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. 98.59% of the stock is owned by institutional investors and hedge funds.

Shares of Carter’s, Inc. (CRI) opened at 91.10 on Monday. The firm has a market cap of $4.36 billion, a PE ratio of 17.87 and a beta of 0.32. The company’s 50-day moving average price is $87.49 and its 200-day moving average price is $87.16. Carter’s, Inc. has a 52-week low of $77.94 and a 52-week high of $103.51.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The business had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that Carter’s, Inc. will post $5.61 earnings per share for the current fiscal year.

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Several analysts have recently commented on CRI shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $105.00 target price on shares of Carter’s in a research report on Wednesday, April 26th. Stifel Nicolaus raised their target price on Carter’s from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Friday, April 28th. CL King reaffirmed a “hold” rating on shares of Carter’s in a research report on Thursday, June 8th. Finally, FBR & Co set a $111.00 target price on Carter’s and gave the stock a “buy” rating in a research report on Friday, June 16th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $100.40.

In related news, Director David Pulver bought 1,000 shares of Carter’s stock in a transaction that occurred on Wednesday, May 24th. The stock was purchased at an average cost of $80.10 per share, with a total value of $80,100.00. Following the purchase, the director now owns 54,331 shares in the company, valued at $4,351,913.10. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.10% of the stock is owned by corporate insiders.

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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