Locust Wood Capital Advisers LLC Buys Shares of 141,780 Carter’s, Inc. (CRI)

Locust Wood Capital Advisers LLC bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 141,780 shares of the textile maker’s stock, valued at approximately $13,980,000. Locust Wood Capital Advisers LLC owned about 0.31% of Carter’s at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. BancorpSouth Bank increased its position in shares of Carter’s by 12.2% during the 2nd quarter. BancorpSouth Bank now owns 4,467 shares of the textile maker’s stock valued at $484,000 after purchasing an additional 484 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Carter’s by 25.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,517 shares of the textile maker’s stock worth $273,000 after acquiring an additional 518 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of Carter’s by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,581 shares of the textile maker’s stock worth $2,014,000 after acquiring an additional 530 shares during the period. Arizona State Retirement System grew its stake in shares of Carter’s by 1.7% during the 2nd quarter. Arizona State Retirement System now owns 32,590 shares of the textile maker’s stock worth $3,532,000 after acquiring an additional 531 shares during the period. Finally, Hussman Strategic Advisors Inc. grew its stake in shares of Carter’s by 1.4% during the 3rd quarter. Hussman Strategic Advisors Inc. now owns 50,700 shares of the textile maker’s stock worth $4,999,000 after acquiring an additional 700 shares during the period. 94.81% of the stock is owned by hedge funds and other institutional investors.

Shares of CRI opened at $96.82 on Thursday. The stock has a market cap of $4.36 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a quick ratio of 1.49, a current ratio of 3.67 and a debt-to-equity ratio of 0.98. Carter’s, Inc. has a 12-month low of $88.98 and a 12-month high of $129.00.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). The business had revenue of $923.91 million for the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. On average, equities analysts forecast that Carter’s, Inc. will post 6.04 earnings per share for the current year.

Several research analysts have commented on the company. ValuEngine upgraded Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Cowen restated a “hold” rating and issued a $104.00 target price on shares of Carter’s in a research note on Friday, July 27th. Zacks Investment Research upgraded Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. B. Riley initiated coverage on Carter’s in a research report on Tuesday, October 30th. They set a “market perform” rating and a $104.00 price target for the company. Finally, Macquarie downgraded Carter’s from an “outperform” rating to a “neutral” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $113.30.

In other Carter’s news, Chairman Michael Dennis Casey sold 25,000 shares of Carter’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $97.76, for a total value of $2,444,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Pulver purchased 7,500 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was bought at an average cost of $98.55 per share, for a total transaction of $739,125.00. Following the completion of the purchase, the director now directly owns 63,517 shares in the company, valued at $6,259,600.35. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 57,835 shares of company stock valued at $5,643,925. Corporate insiders own 3.30% of the company’s stock.

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About Carter’s

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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Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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