Unigestion Holding SA increased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,090 shares of the textile maker’s stock after buying an additional 5,090 shares during the quarter. Unigestion Holding SA owned 0.13% of Carter’s worth $5,826,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Fort L.P. acquired a new stake in Carter’s during the 2nd quarter worth $119,000. First Hawaiian Bank acquired a new stake in Carter’s during the 3rd quarter worth $122,000. FNY Investment Advisers LLC acquired a new stake in Carter’s during the 3rd quarter worth $163,000. Point72 Hong Kong Ltd acquired a new stake in Carter’s during the 2nd quarter worth $195,000. Finally, HL Financial Services LLC acquired a new stake in Carter’s during the 2nd quarter worth $240,000. 94.81% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently commented on CRI. Macquarie downgraded Carter’s from an “outperform” rating to a “neutral” rating in a research note on Friday, November 2nd. B. Riley began coverage on Carter’s in a research note on Tuesday, October 30th. They set a “market perform” rating and a $104.00 price objective on the stock. TheStreet downgraded Carter’s from a “b” rating to a “c+” rating in a research note on Thursday, October 25th. Monness Crespi & Hardt dropped their price target on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, Zacks Investment Research downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $113.30.
CRI opened at $93.51 on Friday. Carter’s, Inc. has a 1 year low of $88.98 and a 1 year high of $129.00. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.96 and a beta of 0.57. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.49 and a current ratio of 3.67.
Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). Carter’s had a net margin of 8.44% and a return on equity of 33.05%. The firm had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. On average, analysts expect that Carter’s, Inc. will post 6.04 EPS for the current fiscal year.
In related news, Director David Pulver acquired 7,500 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was bought at an average price of $98.55 per share, for a total transaction of $739,125.00. Following the acquisition, the director now directly owns 63,517 shares of the company’s stock, valued at $6,259,600.35. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Michael Dennis Casey sold 25,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $97.76, for a total value of $2,444,000.00. The disclosure for this sale can be found here. Insiders sold a total of 57,835 shares of company stock worth $5,643,925 in the last three months. Company insiders own 3.30% of the company’s stock.
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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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