Legal & General Group Plc grew its position in shares of Carter's, Inc. (NYSE:CRI) by 26.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,184 shares of the textile maker’s stock after acquiring an additional 11,853 shares during the quarter. Legal & General Group Plc owned about 0.12% of Carter's worth $5,549,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in CRI. Advisory Services Network LLC acquired a new stake in Carter's in the second quarter worth about $125,000. Mountain Capital Investment Advisors Inc acquired a new stake in Carter's in the second quarter worth about $128,000. PNC Financial Services Group Inc. lifted its holdings in Carter's by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Carter's by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after purchasing an additional 124 shares during the period. Finally, Round Table Services LLC acquired a new stake in Carter's in the third quarter worth about $206,000. 98.70% of the stock is owned by institutional investors.

Shares of Carter's, Inc. (NYSE:CRI) opened at $112.89 on Monday. 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, Inc. has a 1 year low of $77.94 and a 1 year high of $113.92. The company has a market cap of $5,342.06, a PE ratio of 21.50, a price-to-earnings-growth ratio of 2.21 and a beta of 0.37.

Carter's (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the consensus estimate of $1.65 by $0.05. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The firm had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. During the same period in the previous year, the business earned $1.61 earnings per share. Carter's’s revenue for the quarter was up 5.2% compared to the same quarter last year. equities analysts anticipate that Carter's, Inc. will post 5.63 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 17th. Carter's’s dividend payout ratio (DPR) is presently 28.46%.

In other Carter's news, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $99.14, for a total value of $2,629,589.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Julie D’emilio sold 3,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $108.25, for a total transaction of $324,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,507 shares of company stock worth $12,861,396. 3.10% of the stock is owned by company insiders.

CRI has been the subject of several research analyst reports. Cowen set a $92.00 price objective on shares of Carter's and gave the stock a “hold” rating in a report on Monday, October 23rd. Macquarie initiated coverage on shares of Carter's in a report on Tuesday, August 29th. They issued an “outperform” rating and a $110.00 price objective for the company. Goldman Sachs Group initiated coverage on shares of Carter's in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective for the company. Oppenheimer set a $112.00 price objective on shares of Carter's and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Zacks Investment Research downgraded shares of Carter's from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $105.27.

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About Carter's

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

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