Trexquant Investment LP purchased a new position in shares of Carter’s, Inc. (NYSE:CRI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 28,073 shares of the textile maker’s stock, valued at approximately $2,829,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Alpha Quant Advisors LLC grew its position in Carter’s by 112.7% during the 1st quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after acquiring an additional 177 shares during the last quarter. Dubuque Bank & Trust Co. bought a new position in Carter’s in the 1st quarter valued at $50,000. Private Capital Group LLC boosted its position in Carter’s by 38.8% in the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock valued at $59,000 after buying an additional 164 shares during the last quarter. First Quadrant L P CA bought a new position in Carter’s in the 1st quarter valued at $155,000. Finally, Ffcm LLC boosted its position in Carter’s by 1,761.4% in the 4th quarter. Ffcm LLC now owns 1,638 shares of the textile maker’s stock valued at $134,000 after buying an additional 1,550 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
In other news, EVP Kendra Krugman sold 500 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.44, for a total value of $54,220.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jill Wilson sold 2,843 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.38, for a total value of $308,124.34. The disclosure for this sale can be found here. Insiders sold a total of 7,223 shares of company stock worth $774,982 over the last 90 days. 3.20% of the stock is owned by corporate insiders.
Carter’s (NYSE:CRI) last posted its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.17. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The business had revenue of $741.06 million for the quarter, compared to analyst estimates of $724.08 million. During the same period last year, the company earned $1.09 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts expect that Carter’s, Inc. will post 6.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a $0.50 dividend. The ex-dividend date is Tuesday, May 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. Carter’s’s dividend payout ratio is currently 31.80%.
CRI has been the topic of a number of recent research reports. TheStreet upgraded Carter’s from a “c+” rating to a “b-” rating in a research report on Wednesday, March 13th. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, April 2nd. Citigroup reiterated a “buy” rating and issued a $120.00 price objective on shares of Carter’s in a research report on Monday, March 18th. ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Deutsche Bank initiated coverage on Carter’s in a research report on Tuesday, April 16th. They issued a “hold” rating and a $99.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Carter’s currently has an average rating of “Hold” and an average target price of $106.92.
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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
Further Reading: Price to Earnings Ratio (PE)
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