CIBC Asset Management Inc bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,711 shares of the textile maker’s stock, valued at approximately $366,000.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its holdings in shares of Carter’s by 1,428.4% during the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after acquiring an additional 2,139,567 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in shares of Carter’s by 137.8% during the second 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 acquiring an additional 312,412 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Carter’s by 30.8% during the second quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock valued at $3,943,000 after acquiring an additional 10,430 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Carter’s by 77.6% during the second quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after acquiring an additional 26,723 shares during the last quarter. Finally, Stevens Capital Management LP raised its holdings in shares of Carter’s by 5.7% during the second quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock valued at $6,696,000 after acquiring an additional 4,030 shares during the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on CRI shares. Cowen and Company set a $92.00 target price on Carter’s and gave the company a “hold” rating in a report on Thursday, July 27th. BidaskClub cut Carter’s from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Macquarie started coverage on Carter’s in a research report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price target for the company. Goldman Sachs Group, Inc. (The) started coverage on Carter’s in a research report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price target for the company. Finally, Bank of America Corporation started coverage on Carter’s in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $105.27.

Carter’s, Inc. (CRI) opened at $105.07 on Monday. The firm has a market capitalization of $4,972.26, a P/E ratio of 20.01, a P/E/G ratio of 2.05 and a beta of 0.33. Carter’s, Inc. has a 52-week low of $77.94 and a 52-week high of $106.67. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. The company had revenue of $948.23 million during the quarter, compared to analyst estimates of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 earnings per share. analysts anticipate that Carter’s, Inc. will post 5.63 EPS for the current fiscal 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 given a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.41%. Carter’s’s payout ratio is 28.46%.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://www.dailypolitical.com/2017/11/20/3711-shares-in-carters-inc-cri-purchased-by-cibc-asset-management-inc.html.

In other news, Director Paul Fulton sold 10,412 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $100.70, for a total transaction of $1,048,488.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36. The disclosure for this sale can be found here. Insiders sold 72,103 shares of company stock valued at $7,120,587 over the last quarter. 3.10% of the stock is currently owned by company insiders.

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).

Institutional Ownership by Quarter for Carter`s (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.