CIBC Private Wealth Group LLC raised its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,108 shares of the textile maker’s stock after acquiring an additional 3,129 shares during the period. CIBC Private Wealth Group LLC’s holdings in Carter’s were worth $16,054,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ostrum Asset Management acquired a new stake in Carter’s during the 1st quarter valued at approximately $181,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Carter’s during the 2nd quarter valued at approximately $244,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Carter’s by 25.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,517 shares of the textile maker’s stock valued at $273,000 after purchasing an additional 518 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in shares of Carter’s in the 1st quarter valued at $325,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of Carter’s in the 1st quarter valued at $354,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Carter’s opened at $109.80 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 1.24, a current ratio of 3.36 and a debt-to-equity ratio of 0.84. Carter’s, Inc. has a 1 year low of $83.84 and a 1 year high of $129.00. The firm has a market capitalization of $5.07 billion, a P/E ratio of 18.50, a PEG ratio of 1.81 and a beta of 0.46.

Carter’s (NYSE:CRI) last posted its earnings results on Thursday, July 26th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.22. The firm had revenue of $696.20 million during 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 was up .6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. equities research analysts forecast that Carter’s, Inc. will post 6.45 earnings per share for the current fiscal year.

CRI has been the subject of several analyst reports. ValuEngine upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $130.00 target price (down from $137.00) on shares of Carter’s in a research note on Monday, April 30th. SunTrust Banks reiterated a “hold” rating and issued a $111.00 target price on shares of Carter’s in a research note on Friday, April 27th. They noted that the move was a valuation call. Cowen set a $109.00 target price on shares of Carter’s and gave the company a “hold” rating in a research note on Tuesday, April 24th. Finally, Zacks Investment Research upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Carter’s presently has an average rating of “Buy” and a consensus target price of $120.54.

In other Carter’s news, EVP Kevin Doyle Corning sold 3,491 shares of the company’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $108.51, for a total transaction of $378,808.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Pulver acquired 1,000 shares of Carter’s stock in a transaction on Friday, July 27th. The shares were bought at an average price of $105.00 per share, with a total value of $105,000.00. Following the completion of the transaction, the director now directly owns 58,517 shares of the company’s stock, valued at approximately $6,144,285. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.

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

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