Carter's, Inc. (CRI) Stake Lessened by First Citizens Bank & Trust Co.
First Citizens Bank & Trust Co. decreased its holdings in Carter's, Inc. (NYSE:CRI) by 20.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,747 shares of the textile maker’s stock after selling 687 shares during the period. First Citizens Bank & Trust Co.’s holdings in Carter's were worth $323,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of CRI. Advisory Services Network LLC bought a new position in shares of Carter's in the 2nd quarter valued at $125,000. Mountain Capital Investment Advisors Inc bought a new position in shares of Carter's in the 2nd quarter valued at $128,000. Invictus RG bought a new stake in Carter's during the 3rd quarter worth $146,000. PNC Financial Services Group Inc. grew its position in Carter's by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after acquiring an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Carter's by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 98.67% of the company’s stock.
In other Carter's news, CFO Richard F. Westenberger sold 5,000 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $105.02, for a total value of $525,100.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Greg Foglesong sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total value of $707,880.00. The disclosure for this sale can be found here. Insiders sold a total of 130,507 shares of company stock worth $13,569,276 in the last quarter. Corporate insiders own 3.10% of the company’s stock.
A number of brokerages recently weighed in on CRI. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Thursday. Wells Fargo & Co restated a “market perform” rating and set a $123.00 price objective (up previously from $105.00) on shares of Carter's in a research report on Thursday. SunTrust Banks began coverage on Carter's in a research report on Wednesday, December 27th. They set a “hold” rating and a $126.00 price objective on the stock. Oppenheimer boosted their price objective on Carter's from $112.00 to $125.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. Finally, B. Riley boosted their price objective on Carter's from $111.00 to $124.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Carter's has a consensus rating of “Buy” and a consensus target price of $111.86.
Shares of Carter's, Inc. (NYSE:CRI) opened at $118.79 on Friday. Carter's, Inc. has a 52-week low of $77.94 and a 52-week high of $119.45. The company has a market capitalization of $5,620.00, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.10 and a beta of 0.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34.
Carter's (NYSE:CRI) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The firm had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s revenue was up 5.2% on a year-over-year basis. equities research analysts expect that Carter's, Inc. will post 5.64 earnings per share for the current fiscal year.
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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