Oregon Public Employees Retirement Fund lessened its position in shares of Carter’s, Inc. (NYSE:CRI) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,739 shares of the textile maker’s stock after selling 1,081 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Carter’s were worth $1,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its holdings in Carter’s by 1,428.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after buying an additional 2,139,567 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Carter’s by 137.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after buying an additional 312,412 shares in the last quarter. Legal & General Group Plc grew its holdings in Carter’s by 30.8% during the 2nd quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock valued at $3,943,000 after buying an additional 10,430 shares in the last quarter. First Trust Advisors LP grew its holdings in Carter’s by 77.6% during the 2nd quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after buying an additional 26,723 shares in the last quarter. Finally, Stevens Capital Management LP grew its holdings in Carter’s by 5.7% during the 2nd quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock valued at $6,696,000 after buying an additional 4,030 shares in the last quarter. Institutional investors and hedge funds own 96.17% of the company’s stock.

Carter’s, Inc. (NYSE CRI) opened at $101.90 on Tuesday. The company has a market capitalization of $4,789.59, a P/E ratio of 19.28, a PEG ratio of 1.98 and a beta of 0.33. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $102.87.

Carter’s (NYSE:CRI) last announced its earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million during the quarter, compared to analysts’ expectations of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The company’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.61 EPS. research analysts forecast that Carter’s, Inc. will post 5.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Friday, November 17th. Carter’s’s payout ratio is currently 28.46%.

Several research firms have weighed in on CRI. Citigroup Inc. raised their price target on Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Monday, October 30th. Cowen and Company set a $92.00 price target on Carter’s and gave the company a “hold” rating in a report on Monday, October 23rd. BidaskClub cut Carter’s from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Carter’s in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $104.09.

In related news, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $87.58, for a total value of $756,953.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,579 shares of company stock valued at $4,435,032. 3.10% of the stock is owned by company insiders.

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Carter’s 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.

Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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