Carter’s, Inc. (NYSE:CRI) Shares Purchased by Millennium Management LLC

Millennium Management LLC raised its position in shares of Carter’s, Inc. (NYSE:CRI) by 595.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,852 shares of the textile maker’s stock after acquiring an additional 66,652 shares during the period. Millennium Management LLC owned approximately 0.18% of Carter’s worth $7,100,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Carter’s by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 4,006,565 shares of the textile maker’s stock valued at $390,800,000 after purchasing an additional 58,629 shares in the last quarter. Victory Capital Management Inc. grew its stake in Carter’s by 24.2% during the second quarter. Victory Capital Management Inc. now owns 3,179,318 shares of the textile maker’s stock worth $310,110,000 after buying an additional 620,375 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Carter’s by 145.0% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,023,140 shares of the textile maker’s stock worth $294,877,000 after buying an additional 1,788,956 shares during the period. Mackenzie Financial Corp raised its stake in shares of Carter’s by 27.7% in the 2nd quarter. Mackenzie Financial Corp now owns 1,907,243 shares of the textile maker’s stock valued at $186,032,000 after acquiring an additional 414,132 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Carter’s by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 703,913 shares of the textile maker’s stock valued at $68,659,000 after acquiring an additional 30,754 shares in the last quarter.

Shares of CRI opened at $102.34 on Tuesday. Carter’s, Inc. has a one year low of $75.66 and a one year high of $111.12. The stock has a 50-day moving average price of $102.37 and a 200 day moving average price of $94.34. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 2.53. The company has a market capitalization of $4.57 billion, a P/E ratio of 15.85, a P/E/G ratio of 2.04 and a beta of 0.90.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 24th. The textile maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.17. Carter’s had a return on equity of 35.47% and a net margin of 7.68%. The company had revenue of $943.32 million for the quarter, compared to the consensus estimate of $936.09 million. During the same period in the previous year, the business earned $1.61 EPS. Carter’s’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, equities research analysts forecast that Carter’s, Inc. will post 6.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from Carter’s’s previous quarterly dividend of $0.22. Carter’s’s dividend payout ratio (DPR) is presently 31.80%.

In other Carter’s news, CFO Richard F. Westenberger sold 3,785 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $104.30, for a total transaction of $394,775.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amy Woods Brinkley sold 1,588 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $105.10, for a total transaction of $166,898.80. Following the completion of the sale, the director now directly owns 14,880 shares of the company’s stock, valued at approximately $1,563,888. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,498 shares of company stock valued at $9,564,887. Insiders own 3.20% of the company’s stock.

CRI has been the topic of several research reports. UBS Group set a $100.00 price objective on Carter’s and gave the company a “hold” rating in a research report on Friday, October 25th. ValuEngine downgraded Carter’s from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. B. Riley set a $118.00 price target on Carter’s and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Cfra raised shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. Finally, DA Davidson upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $91.00 to $110.00 in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $109.25.

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.

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

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