Neuberger Berman Group LLC continued to hold its position in shares of Carter’s, Inc. (NYSE:CRI) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,895 shares of the textile maker’s stock at the close of the 2nd quarter. Neuberger Berman Group LLC’s holdings in Carter’s were worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Carter’s by 10,013.9% during the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock worth $362,664,000 after buying an additional 3,998,642 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Carter’s by 2.8% during the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock valued at $328,048,000 after purchasing an additional 99,586 shares during the last quarter. Valinor Management L.P. grew its stake in shares of Carter’s by 1.1% during the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock valued at $126,988,000 after purchasing an additional 15,200 shares during the last quarter. SRS Investment Management LLC grew its stake in shares of Carter’s by 28.3% during the first quarter. SRS Investment Management LLC now owns 1,376,173 shares of the textile maker’s stock valued at $123,580,000 after purchasing an additional 303,696 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Carter’s by 1.3% during the first quarter. State Street Corp now owns 1,299,438 shares of the textile maker’s stock valued at $116,700,000 after purchasing an additional 16,250 shares during the last quarter. 97.10% of the stock is owned by institutional investors.

Carter’s, Inc. (CRI) opened at 93.24 on Friday. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $96.69. The firm has a 50-day moving average of $88.57 and a 200-day moving average of $88.18. The company has a market capitalization of $4.46 billion, a PE ratio of 18.29 and a beta of 0.30.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. During the same period in the prior year, the company posted $0.72 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Equities analysts expect that Carter’s, Inc. will post $5.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 29th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.59%. The ex-dividend date was Friday, August 25th. Carter’s’s dividend payout ratio (DPR) is currently 29.08%.

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

Several analysts have recently commented on the stock. Bank of America Corporation assumed coverage on shares of Carter’s in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 price target on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Carter’s in a research note on Tuesday, September 5th. They set a “buy” rating and a $105.00 price target on the stock. Macquarie assumed coverage on shares of Carter’s in a research note on Tuesday, August 29th. They set an “outperform” rating and a $110.00 price target on the stock. BidaskClub cut shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Cowen and Company set a $92.00 price target on shares of Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Carter’s presently has an average rating of “Hold” and a consensus price target of $101.92.

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Carter’s Company Profile

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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