56,780 Shares in Carter’s, Inc. (CRI) Acquired by Korea Investment CORP
Korea Investment CORP purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the second quarter, Holdings Channel reports. The firm purchased 56,780 shares of the textile maker’s stock, valued at approximately $5,051,000.
Several other large investors have also added to or reduced their stakes in CRI. BlackRock Inc. raised its stake in Carter’s by 10,013.9% in the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock valued at $362,664,000 after buying an additional 3,998,642 shares during the last quarter. Vanguard Group Inc. raised its stake in Carter’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock valued at $328,048,000 after buying an additional 99,586 shares during the last quarter. Valinor Management L.P. raised its stake in Carter’s by 1.1% in the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock valued at $126,988,000 after buying an additional 15,200 shares during the last quarter. SRS Investment Management LLC increased its position in shares of Carter’s by 28.3% in the first quarter. SRS Investment Management LLC now owns 1,376,173 shares of the textile maker’s stock worth $123,580,000 after buying an additional 303,696 shares during the period. Finally, State Street Corp increased its position in shares of Carter’s by 1.3% in the first quarter. State Street Corp now owns 1,299,438 shares of the textile maker’s stock worth $116,700,000 after buying an additional 16,250 shares during the period. 98.59% of the stock is owned by hedge funds and other institutional investors.
Carter’s, Inc. (CRI) opened at 86.81 on Friday. The firm has a 50-day moving average price of $87.92 and a 200 day moving average price of $87.36. The company has a market capitalization of $4.15 billion, a P/E ratio of 17.02 and a beta of 0.32. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $103.32.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. The business had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 earnings per share. On average, equities analysts predict that Carter’s, Inc. will post $5.61 EPS for the current year.
A number of brokerages recently issued reports on CRI. BidaskClub downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. set a $105.00 price objective on Carter’s and gave the company a “buy” rating in a research note on Wednesday, June 14th. Stifel Nicolaus boosted their price objective on Carter’s from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. FBR & Co set a $111.00 price objective on Carter’s and gave the company a “buy” rating in a research note on Friday, June 16th. Finally, CL King reiterated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $100.40.
In other Carter’s news, Director David Pulver acquired 1,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The stock was acquired at an average cost of $80.10 per share, for a total transaction of $80,100.00. Following the completion of the transaction, the director now directly owns 54,331 shares of the company’s stock, valued at $4,351,913.10. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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