Sei Investments Co. Increases Position in Carter’s, Inc. (NYSE:CRI)
Sei Investments Co. increased its position in shares of Carter’s, Inc. (NYSE:CRI) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,763 shares of the textile maker’s stock after buying an additional 23,419 shares during the period. Sei Investments Co. owned about 0.31% of Carter’s worth $13,410,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the stock. Oxford Asset Management bought a new stake in shares of Carter’s during the first quarter worth $3,712,000. MAI Capital Management raised its stake in shares of Carter’s by 2.9% in the first quarter. MAI Capital Management now owns 7,840 shares of the textile maker’s stock worth $704,000 after buying an additional 220 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in shares of Carter’s during the first quarter worth $1,842,000. Janney Montgomery Scott LLC bought a new stake in shares of Carter’s during the first quarter worth $436,000. Finally, Blue Rock Advisors LLC bought a new stake in shares of Carter’s during the first quarter worth $1,068,000. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
Carter’s, Inc. (CRI) opened at 90.91 on Tuesday. Carter’s, Inc. has a 12 month low of $77.94 and a 12 month high of $103.51. The company’s 50-day moving average is $87.49 and its 200-day moving average is $87.16. The stock has a market capitalization of $4.35 billion, a PE ratio of 17.83 and a beta of 0.32.
Carter’s (NYSE:CRI) last issued its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.09. The company had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.72 EPS. Equities research analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current year.
A number of equities research analysts have recently weighed in on CRI shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $105.00 target price on shares of Carter’s in a research note on Wednesday, April 26th. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a research report on Friday, April 28th. FBR & Co reissued a “buy” rating on shares of Carter’s in a research report on Thursday, July 13th. CL King reissued a “hold” rating on shares of Carter’s in a research report on Thursday, June 8th. Finally, Cowen and Company set a $92.00 price target on shares of Carter’s and gave the company a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $100.40.
In other news, Director David Pulver purchased 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now owns 54,331 shares in the company, valued at approximately $4,351,913.10. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The disclosure for this sale can be found here. Corporate 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 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.
Want to see what other hedge funds are holding CRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carter’s, Inc. (NYSE:CRI).
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.