Point72 Hong Kong Ltd Purchases New Holdings in Carter’s, Inc. (CRI)
Point72 Hong Kong Ltd acquired a new position in shares of Carter’s, Inc. (NYSE:CRI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,800 shares of the textile maker’s stock, valued at approximately $195,000.
Several other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in Carter’s by 8.1% during the first quarter. Wells Fargo & Company MN now owns 215,460 shares of the textile maker’s stock worth $22,429,000 after acquiring an additional 16,145 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in Carter’s by 25.7% during the first quarter. Virginia Retirement Systems ET AL now owns 8,800 shares of the textile maker’s stock worth $916,000 after acquiring an additional 1,800 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Carter’s in the first quarter valued at about $2,975,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Carter’s in the first quarter valued at about $1,991,000. Finally, Eaton Vance Management raised its position in shares of Carter’s by 4.8% in the first quarter. Eaton Vance Management now owns 78,981 shares of the textile maker’s stock valued at $8,222,000 after purchasing an additional 3,652 shares during the period. 95.95% of the stock is owned by institutional investors.
CRI has been the topic of several research analyst reports. ValuEngine raised shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. UBS Group initiated coverage on shares of Carter’s in a research report on Thursday, June 21st. They issued a “neutral” rating and a $114.00 price objective on the stock. Finally, Cowen reissued a “hold” rating and issued a $104.00 price objective on shares of Carter’s in a research report on Friday, July 27th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $122.91.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, July 26th. The textile maker reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.22. The firm had revenue of $696.20 million during the quarter, compared to analysts’ expectations of $684.04 million. Carter’s had a net margin of 8.69% and a return on equity of 34.29%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.79 earnings per share. analysts predict that Carter’s, Inc. will post 6.45 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Monday, August 27th were issued a $0.45 dividend. The ex-dividend date was Friday, August 24th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.84%. Carter’s’s dividend payout ratio (DPR) is currently 31.25%.
In other news, Director Jevin Eagle sold 5,000 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total value of $545,500.00. Following the completion of the transaction, the director now owns 6,297 shares of the company’s stock, valued at $687,002.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Pulver bought 7,500 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was bought at an average cost of $98.55 per share, with a total value of $739,125.00. Following the acquisition, the director now directly owns 63,517 shares of the company’s stock, valued at approximately $6,259,600.35. The disclosure for this purchase can be found here. Insiders bought 13,000 shares of company stock valued at $1,309,110 in the last three months. Company insiders own 3.30% of the company’s stock.
Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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