New York State Common Retirement Fund lessened its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 105,200 shares of the textile maker’s stock after selling 7,000 shares during the quarter. New York State Common Retirement Fund’s holdings in Carter’s were worth $9,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of Carter’s in the 2nd quarter valued at $49,000. FinTrust Capital Advisors LLC increased its position in shares of Carter’s by 106.5% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 640 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 330 shares during the period. Jacobi Capital Management LLC increased its position in shares of Carter’s by 34.5% in the 2nd quarter. Jacobi Capital Management LLC now owns 877 shares of the textile maker’s stock valued at $71,000 after acquiring an additional 225 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Carter’s by 700.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 953 shares of the textile maker’s stock valued at $77,000 after acquiring an additional 834 shares during the period. Finally, First Mercantile Trust Co. acquired a new position in shares of Carter’s in the 2nd quarter valued at $91,000. Hedge funds and other institutional investors own 85.05% of the company’s stock.

Shares of Carter’s stock opened at $87.33 on Friday. The firm has a market capitalization of $3.81 billion, a PE ratio of 28.73, a P/E/G ratio of 4.80 and a beta of 1.22. Carter’s, Inc. has a twelve month low of $60.17 and a twelve month high of $112.46. The firm’s 50-day moving average price is $84.53 and its 200 day moving average price is $83.39. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.20.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, October 23rd. The textile maker reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.39. The firm had revenue of $865.10 million for the quarter, compared to analyst estimates of $878.52 million. Carter’s had a net margin of 4.31% and a return on equity of 25.31%. Carter’s’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same period last year, the company posted $1.87 EPS. On average, sell-side analysts predict that Carter’s, Inc. will post 4.6 EPS for the current fiscal year.

In other Carter’s news, SVP Jill Wilson sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of $84.19, for a total value of $168,380.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Dennis Casey sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The stock was sold at an average price of $85.04, for a total transaction of $1,700,800.00. The disclosure for this sale can be found here. Insiders sold a total of 42,000 shares of company stock worth $3,501,780 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on CRI shares. Berenberg Bank assumed coverage on Carter’s in a research report on Tuesday, October 27th. They issued a “buy” rating and a $115.00 target price on the stock. B. Riley reaffirmed a “buy” rating on shares of Carter’s in a research report on Thursday, October 22nd. Citigroup increased their price target on Carter’s from $85.00 to $105.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. UBS Group increased their price target on Carter’s from $86.00 to $92.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, DA Davidson raised their target price on Carter’s from $88.00 to $105.00 and gave the company a “buy” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $96.30.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Precious Baby, Little Planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

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

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