Cornerstone Capital Management Holdings LLC. Acquires Shares of 71,684 Carter's, Inc. (CRI)
Cornerstone Capital Management Holdings LLC. acquired a new stake in Carter's, Inc. (NYSE:CRI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 71,684 shares of the textile maker’s stock, valued at approximately $7,078,000. Cornerstone Capital Management Holdings LLC. owned approximately 0.15% of Carter's as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Carter's in the second quarter worth about $125,000. Mountain Capital Investment Advisors Inc bought a new stake in shares of Carter's in the second quarter worth about $128,000. Invictus RG bought a new stake in shares of Carter's in the third quarter worth about $146,000. PNC Financial Services Group Inc. increased its holdings in shares of Carter's by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Carter's by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.
Several equities research analysts have recently issued reports on CRI shares. Zacks Investment Research raised Carter's from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, September 26th. Bank of America started coverage on Carter's in a report on Friday, September 15th. They issued a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group started coverage on Carter's in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 target price on the stock. Citigroup lifted their target price on Carter's from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Finally, Oppenheimer set a $112.00 target price on Carter's and gave the stock a “buy” rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $105.27.
In other news, EVP Julie D’emilio sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $108.25, for a total transaction of $324,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard F. Westenberger sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $105.02, for a total value of $525,100.00. The disclosure for this sale can be found here. Insiders have sold 124,507 shares of company stock worth $12,861,396 over the last three months. 3.10% of the stock is currently owned by insiders.
Shares of Carter's, Inc. (NYSE CRI) opened at $112.70 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20. Carter's, Inc. has a 52 week low of $77.94 and a 52 week high of $113.50. The firm has a market capitalization of $5,316.77, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 2.20 and a beta of 0.37.
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 Thomson Reuters’ consensus estimate of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The company had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. During the same period in the previous year, the firm posted $1.61 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. equities analysts predict that Carter's, Inc. will post 5.63 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.31%. Carter's’s payout ratio is currently 28.46%.
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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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