Profund Advisors LLC decreased its holdings in Carter’s, Inc. (NYSE:CRI) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,938 shares of the textile maker’s stock after selling 356 shares during the period. Profund Advisors LLC’s holdings in Carter’s were worth $384,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Deprince Race & Zollo Inc. increased its stake in shares of Carter’s by 1.2% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 217,042 shares of the textile maker’s stock valued at $21,170,000 after purchasing an additional 2,547 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in shares of Carter’s by 42.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 6,700 shares of the textile maker’s stock valued at $653,000 after acquiring an additional 2,000 shares in the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Carter’s during the 2nd quarter valued at $1,767,000. Chilton Investment Co. LLC boosted its holdings in shares of Carter’s by 2.2% during the 2nd quarter. Chilton Investment Co. LLC now owns 25,247 shares of the textile maker’s stock valued at $2,463,000 after acquiring an additional 543 shares in the last quarter. Finally, Crawford Investment Counsel Inc. boosted its holdings in shares of Carter’s by 3.2% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 31,900 shares of the textile maker’s stock valued at $3,112,000 after acquiring an additional 990 shares in the last quarter.
Several equities research analysts recently weighed in on the company. ValuEngine downgraded Carter’s from a “hold” rating to a “sell” rating in a report on Saturday, September 14th. DA Davidson cut their price objective on Carter’s to $91.00 and set an “average” rating on the stock in a report on Tuesday, July 9th. Finally, B. Riley set a $118.00 price objective on Carter’s and gave the company a “buy” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $106.11.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 25th. The textile maker reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. The firm had revenue of $734.38 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $0.79 EPS. On average, sell-side analysts predict that Carter’s, Inc. will post 6.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Carter’s’s previous quarterly dividend of $0.22. This represents a $2.00 annualized dividend and a yield of 2.24%. Carter’s’s payout ratio is presently 31.80%.
In other Carter’s news, Director Amy Woods Brinkley sold 1,298 shares of Carter’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.41, for a total transaction of $119,948.18. Following the transaction, the director now directly owns 16,468 shares of the company’s stock, valued at approximately $1,521,807.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.20% of the stock is currently owned by insiders.
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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