WINTON GROUP Ltd Acquires New Stake in Carter’s, Inc. (NYSE:CRI)

WINTON GROUP Ltd acquired a new stake in Carter’s, Inc. (NYSE:CRI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,434 shares of the textile maker’s stock, valued at approximately $530,000.

Several other hedge funds have also recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV acquired a new position in Carter’s during the 1st quarter worth $542,000. Meeder Asset Management Inc. grew its stake in Carter’s by 19.1% during the 1st quarter. Meeder Asset Management Inc. now owns 2,155 shares of the textile maker’s stock worth $217,000 after purchasing an additional 346 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Carter’s by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 490,550 shares of the textile maker’s stock worth $40,039,000 after purchasing an additional 24,946 shares in the last quarter. BTIM Corp. grew its stake in Carter’s by 3.7% during the 1st quarter. BTIM Corp. now owns 114,324 shares of the textile maker’s stock worth $11,523,000 after purchasing an additional 4,050 shares in the last quarter. Finally, Tuttle Tactical Management acquired a new position in Carter’s during the 1st quarter worth $378,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.

Several research analysts recently commented on the company. ValuEngine cut Welbilt from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. DA Davidson lowered their target price on Carter’s to $91.00 and set an “average” rating for the company in a research note on Tuesday, July 9th. Finally, Deutsche Bank assumed coverage on Carter’s in a research note on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price for the company. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Carter’s currently has an average rating of “Hold” and an average target price of $104.56.

Shares of NYSE:CRI traded up $1.06 on Wednesday, hitting $93.72. 211,740 shares of the company’s stock were exchanged, compared to its average volume of 730,162. The stock’s 50-day moving average is $94.39. The stock has a market capitalization of $4.16 billion, a P/E ratio of 14.90, a PEG ratio of 1.80 and a beta of 0.90. Carter’s, Inc. has a 1-year low of $75.66 and a 1-year high of $111.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.20 and a quick ratio of 0.73.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, July 25th. The textile maker reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. The business had revenue of $734.38 million during the quarter, compared to analysts’ expectations of $730.86 million. Carter’s had a return on equity of 34.45% and a net margin of 8.05%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. Equities analysts predict that Carter’s, Inc. will post 6.64 EPS for the current fiscal year.

In related news, EVP Kendra Krugman sold 500 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $108.44, for a total value of $54,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jill Wilson sold 2,843 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were 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. Over the last ninety days, insiders have sold 7,223 shares of company stock valued at $774,982. Insiders own 3.20% of the company’s stock.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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

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