Carter’s, Inc. (CRI) Shares Bought by Oregon Public Employees Retirement Fund
Oregon Public Employees Retirement Fund grew its position in shares of Carter’s, Inc. (NYSE:CRI) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,581 shares of the textile maker’s stock after purchasing an additional 530 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Carter’s were worth $2,014,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CRI. Wells Fargo & Company MN grew its stake in Carter’s by 8.1% during the first quarter. Wells Fargo & Company MN now owns 215,460 shares of the textile maker’s stock worth $22,429,000 after buying an additional 16,145 shares during the period. Virginia Retirement Systems ET AL grew its stake in Carter’s by 25.7% during the first quarter. Virginia Retirement Systems ET AL now owns 8,800 shares of the textile maker’s stock worth $916,000 after buying an additional 1,800 shares during the period. Victory Capital Management Inc. purchased a new stake in Carter’s during the first quarter worth approximately $2,975,000. Robeco Institutional Asset Management B.V. purchased a new stake in Carter’s during the first quarter worth approximately $1,991,000. Finally, Eaton Vance Management grew its stake in Carter’s by 4.8% during the first quarter. Eaton Vance Management now owns 78,981 shares of the textile maker’s stock worth $8,222,000 after buying an additional 3,652 shares during the period. 95.95% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on CRI shares. ValuEngine upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Thursday, May 17th. UBS Group started coverage on shares of Carter’s in a research report on Thursday, June 21st. They set a “neutral” rating and a $114.00 target price on the stock. Cowen reissued a “hold” rating and set a $104.00 target price on shares of Carter’s in a research report on Friday, July 27th. Finally, Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $122.91.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, July 26th. The textile maker reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.22. The business had revenue of $696.20 million for the quarter, compared to analysts’ expectations of $684.04 million. Carter’s had a net margin of 8.69% and a return on equity of 34.29%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 earnings per share. equities research analysts anticipate that Carter’s, Inc. will post 6.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 27th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, August 24th. This represents a $1.80 annualized dividend and a yield of 1.88%. Carter’s’s dividend payout ratio is presently 31.25%.
In related news, Director David Pulver purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were purchased at an average cost of $105.00 per share, with a total value of $105,000.00. Following the completion of the acquisition, the director now directly owns 58,517 shares of the company’s stock, valued at approximately $6,144,285. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jevin Eagle sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total transaction of $545,500.00. Following the completion of the sale, the director now directly owns 6,297 shares in the company, valued at $687,002.70. The disclosure for this sale can be found here. Insiders purchased 13,000 shares of company stock worth $1,309,110 over the last ninety days. 3.30% of the stock is currently owned by corporate 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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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