M&T Bank Corp boosted its stake in Carter’s, Inc. (NYSE:CRI) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,252 shares of the textile maker’s stock after purchasing an additional 682 shares during the period. M&T Bank Corp’s holdings in Carter’s were worth $646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Carter’s by 1.8% in the 2nd quarter. BlackRock Inc. now owns 4,110,338 shares of the textile maker’s stock valued at $365,614,000 after buying an additional 71,765 shares during the last quarter. Vanguard Group Inc. boosted its position in Carter’s by 2.8% in the 1st 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. Lazard Asset Management LLC boosted its position in Carter’s by 1,428.4% in the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after buying an additional 2,139,567 shares during the last quarter. Valinor Management L.P. boosted its position in Carter’s by 1.1% in the 1st 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. Finally, SRS Investment Management LLC boosted its position in Carter’s by 28.3% in the 1st quarter. SRS Investment Management LLC now owns 1,376,173 shares of the textile maker’s stock valued at $123,580,000 after buying an additional 303,696 shares during the last quarter. Hedge funds and other institutional investors own 97.10% of the company’s stock.

Carter’s, Inc. (NYSE CRI) opened at 95.90 on Friday. Carter’s, Inc. has a 12 month low of $77.94 and a 12 month high of $99.75. The company has a market cap of $4.59 billion, a PE ratio of 18.81 and a beta of 0.34. The stock’s 50 day moving average is $91.28 and its 200 day moving average is $88.85.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The company had revenue of $692.10 million for the quarter, compared to the consensus estimate of $681.08 million. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that Carter’s, Inc. will post $5.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 25th. This represents a $1.48 annualized dividend and a dividend yield of 1.54%. Carter’s’s payout ratio is 29.08%.

A number of equities analysts have weighed in on CRI shares. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, September 26th. Bank of America Corporation started coverage on shares of Carter’s in a research report on Friday, September 15th. They issued a “buy” rating and a $106.00 price objective for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Carter’s in a research report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective for the company. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Carter’s in a research report on Wednesday, June 21st. Finally, FBR & Co set a $111.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Carter’s currently has an average rating of “Buy” and a consensus target price of $103.45.

In other news, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

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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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