Carter’s, Inc. (NYSE:CRI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 9.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 156,584 shares of the textile maker’s stock after selling 15,594 shares during the period. Public Employees Retirement System of Ohio owned 0.35% of Carter’s worth $15,273,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Alpha Quant Advisors LLC raised its stake in Carter’s by 112.7% during the first quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after acquiring an additional 177 shares in the last quarter. FTB Advisors Inc. bought a new stake in Carter’s during the 2nd quarter worth about $54,000. SRS Capital Advisors Inc. acquired a new stake in shares of Carter’s in the 2nd quarter valued at approximately $97,000. BNP Paribas Arbitrage SA boosted its position in Carter’s by 92.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,860 shares of the textile maker’s stock worth $187,000 after purchasing an additional 891 shares during the period. Finally, HL Financial Services LLC bought a new position in shares of Carter’s during the first quarter worth approximately $206,000.

In related news, Director Amy Woods Brinkley sold 1,298 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.41, for a total value of $119,948.18. Following the completion of the sale, the director now owns 16,468 shares in the company, valued at approximately $1,521,807.88. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.20% of the stock is currently owned by company insiders.

A number of research firms have commented on CRI. ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. DA Davidson cut their price target on shares of Carter’s to $91.00 and set an “average” rating for the company in a report on Tuesday, July 9th. Finally, B. Riley set a $118.00 price target on Carter’s and gave the stock a “buy” rating in a report on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Carter’s currently has a consensus rating of “Buy” and a consensus price target of $106.11.

NYSE:CRI traded up $0.15 during trading hours on Monday, hitting $96.19. The stock had a trading volume of 548,022 shares, compared to its average volume of 738,974. The business has a 50 day simple moving average of $90.11 and a two-hundred day simple moving average of $94.85. Carter’s, Inc. has a 1-year low of $75.66 and a 1-year high of $109.71. The company has a current ratio of 2.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The company has a market cap of $4.29 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.15. The firm had revenue of $734.38 million for the quarter, compared to analyst estimates of $730.86 million. Carter’s had a return on equity of 34.45% and a net margin of 8.05%. Carter’s’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. Research analysts expect that Carter’s, Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Friday, August 30th. This is a boost from Carter’s’s previous quarterly dividend of $0.22. Carter’s’s dividend payout ratio is presently 31.80%.

Carter’s 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.

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

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