BB&T Securities LLC cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 22.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,161 shares of the textile maker’s stock after selling 1,175 shares during the period. BB&T Securities LLC’s holdings in Carter’s were worth $373,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System boosted its stake in Carter’s by 1.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 70,344 shares of the textile maker’s stock valued at $6,077,000 after buying an additional 1,194 shares during the period. Comerica Bank boosted its stake in Carter’s by 4.3% in the fourth quarter. Comerica Bank now owns 40,008 shares of the textile maker’s stock valued at $3,396,000 after buying an additional 1,636 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Carter’s by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,303 shares of the textile maker’s stock worth $28,193,000 after buying an additional 1,936 shares during the last quarter. Teza Capital Management LLC acquired a new position in shares of Carter’s during the fourth quarter worth approximately $322,000. Finally, FMR LLC boosted its position in shares of Carter’s by 35.8% in the fourth quarter. FMR LLC now owns 167,958 shares of the textile maker’s stock worth $14,510,000 after buying an additional 44,300 shares during the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.
Shares of Carter’s, Inc. (CRI) traded down 1.009% during mid-day trading on Tuesday, reaching $87.815. 167,700 shares of the company’s stock were exchanged. Carter’s, Inc. has a one year low of $77.94 and a one year high of $112.58. The company has a market capitalization of $4.25 billion, a PE ratio of 17.535 and a beta of 0.31. The company’s 50-day moving average price is $86.76 and its 200-day moving average price is $87.63.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, April 27th. The textile maker reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.13. The business had revenue of $732.80 million during the quarter, compared to the consensus estimate of $713.98 million. Carter’s had a return on equity of 32.77% and a net margin of 7.82%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. On average, equities analysts expect that Carter’s, Inc. will post $5.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Tuesday, May 30th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Thursday, May 25th. Carter’s’s payout ratio is currently 29.48%.
ILLEGAL ACTIVITY WARNING: “Carter’s, Inc. (CRI) Shares Sold by BB&T Securities LLC” was first published by Stock Observer and is the property of of Stock Observer. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.thestockobserver.com/2017/06/20/bbt-securities-llc-cuts-stake-in-carters-inc-cri-updated.html.
A number of equities research analysts have issued reports on CRI shares. Zacks Investment Research lowered shares of Carter’s from a “buy” rating to a “hold” rating in a report on Monday, May 1st. FBR & Co set a $111.00 target price on shares of Carter’s and gave the company a “buy” rating in a research note on Saturday, February 25th. Stifel Nicolaus lifted their target price on shares of Carter’s from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. CL King reaffirmed a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $105.00 price objective on shares of Carter’s in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $102.55.
In other news, SVP Jill Wilson sold 4,288 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $92.10, for a total value of $394,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Pulver purchased 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $80.10 per share, with a total value of $80,100.00. Following the completion of the acquisition, the director now owns 54,331 shares of the company’s stock, valued at $4,351,913.10. The disclosure for this purchase can be found here. 3.10% of the stock is currently owned by corporate insiders.
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.
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.