Profund Advisors LLC Sells 1,298 Shares of Carter’s, Inc. (CRI)
Profund Advisors LLC cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 19.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,257 shares of the textile maker’s stock after selling 1,298 shares during the period. Profund Advisors LLC’s holdings in Carter’s were worth $468,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in Carter’s in the 2nd quarter worth approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 valued at $156,000 after acquiring an additional 124 shares in the last quarter. Invictus RG purchased a new stake in shares of Carter’s during the first quarter valued at approximately $189,000. Sawtooth Solutions LLC raised its stake in shares of Carter’s by 1.2% during the second quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock valued at $234,000 after purchasing an additional 31 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its stake in shares of Carter’s by 3.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock valued at $241,000 after purchasing an additional 99 shares during the period. 97.10% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently commented on CRI shares. Macquarie began coverage on shares of Carter’s in a research report on Tuesday, August 29th. They set an “outperform” rating and a $110.00 target price on the stock. BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a report on Monday, August 14th. FBR & Co reaffirmed a “buy” rating on shares of Carter’s in a report on Thursday, July 13th. 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. Finally, Goldman Sachs Group, Inc. (The) started 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. Carter’s presently has a consensus rating of “Buy” and an average target price of $103.45.
Carter’s, Inc. (CRI) opened at 98.75 on Monday. The firm’s 50-day moving average is $88.57 and its 200 day moving average is $88.18. Carter’s, Inc. has a one year low of $77.94 and a one year high of $99.36. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 19.37 and a beta of 0.34.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The business had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The firm’s revenue was up 8.2% compared to the same quarter last year. Analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 29th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.50%. 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 stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
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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