Carter’s, Inc. (CRI) Position Boosted by Pioneer Investment Management Inc.
Pioneer Investment Management Inc. raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 40.0% during the second quarter, Holdings Channel reports. The firm owned 164,195 shares of the textile maker’s stock after buying an additional 46,903 shares during the period. Pioneer Investment Management Inc.’s holdings in Carter’s were worth $14,605,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of CRI. Oxford Asset Management acquired a new stake in Carter’s during the first quarter valued at approximately $3,712,000. Tudor Investment Corp ET AL acquired a new stake in Carter’s during the first quarter valued at approximately $1,842,000. MAI Capital Management boosted its stake in Carter’s by 2.9% in the first quarter. MAI Capital Management now owns 7,840 shares of the textile maker’s stock valued at $704,000 after buying an additional 220 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Carter’s during the first quarter valued at approximately $436,000. Finally, Blue Rock Advisors LLC acquired a new stake in Carter’s during the first quarter valued at approximately $1,068,000. Institutional investors own 98.59% of the company’s stock.
Carter’s, Inc. (NYSE CRI) opened at 86.81 on Friday. Carter’s, Inc. has a 52-week low of $77.94 and a 52-week high of $103.32. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 17.02 and a beta of 0.32. The company’s 50-day moving average price is $87.92 and its 200 day moving average price is $87.36.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.09. The company had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.72 EPS. Equities research analysts predict that Carter’s, Inc. will post $5.61 earnings per share for the current year.
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CRI has been the subject of several recent analyst reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $105.00 price target on shares of Carter’s in a report on Wednesday, April 26th. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a report on Friday, April 28th. FBR & Co reaffirmed a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. CL King reaffirmed a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Finally, Cowen and Company set a $92.00 price objective on Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Carter’s currently has a consensus rating of “Hold” and an average target price of $100.40.
In related news, Director David Pulver purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was bought at an average price of $80.10 per share, for a total transaction of $80,100.00. Following the purchase, the director now owns 54,331 shares in the company, valued at approximately $4,351,913.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $90.35, for a total value 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.
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