Bank of America Corp DE reduced its holdings in Carter’s, Inc. (NYSE:CRI) by 33.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,266 shares of the textile maker’s stock after selling 35,683 shares during the period. Bank of America Corp DE owned approximately 0.16% of Carter’s worth $6,951,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. FTB Advisors Inc. acquired a new position in Carter’s in the second quarter valued at approximately $54,000. SRS Capital Advisors Inc. acquired a new position in Carter’s in the second quarter valued at approximately $97,000. Atria Investments LLC acquired a new position in Carter’s in the second quarter valued at approximately $213,000. Machina Capital S.A.S. acquired a new position in Carter’s in the second quarter valued at approximately $226,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Carter’s by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 2,508 shares of the textile maker’s stock valued at $245,000 after buying an additional 648 shares during the period.
In other Carter’s news, Director Amy Woods Brinkley sold 1,298 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,521,807.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by corporate insiders.
Carter’s (NYSE:CRI) last issued its earnings results on Thursday, July 25th. The textile maker reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.15. Carter’s had a net margin of 8.05% and a return on equity of 34.45%. The firm had revenue of $734.38 million during the quarter, compared to the consensus estimate of $730.86 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that Carter’s, Inc. will post 6.57 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.12%. 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. Carter’s’s dividend payout ratio is presently 31.80%.
CRI has been the topic of several analyst reports. DA Davidson upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $91.00 to $110.00 in a report on Wednesday, October 2nd. B. Riley set a $118.00 price objective on shares of Carter’s and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $108.22.
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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