Shelton Capital Management purchased a new stake in Carter’s, Inc. (NYSE:CRI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,704 shares of the textile maker’s stock, valued at approximately $329,000.

A number of other institutional investors also recently made changes to their positions in the business. Alps Advisors Inc. grew its position in shares of Carter’s by 0.3% during the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock worth $482,000 after acquiring an additional 14 shares during the last quarter. Sawtooth Solutions LLC grew its position 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 worth $234,000 after acquiring an additional 31 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Carter’s by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after acquiring an additional 35 shares during the last quarter. Advisor Group Inc. grew its position in shares of Carter’s by 2.3% during the second quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock worth $315,000 after acquiring an additional 79 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position 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 worth $241,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 97.10% of the company’s stock.

CRI has been the topic of a number of research reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Carter’s in a research report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price on the stock. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Carter’s in a research report on Wednesday, June 21st. Bank of America Corporation initiated 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 on the stock. BidaskClub upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. 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 analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $103.45.

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In other news, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.35, for a total transaction of $1,581,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Carter’s, Inc. (NYSE:CRI) opened at 92.86 on Friday. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $99.75. The stock’s 50 day moving average price is $92.76 and its 200 day moving average price is $89.05. The firm has a market cap of $4.44 billion, a P/E ratio of 18.21 and a beta of 0.34.

Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ 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 last year, the business posted $0.72 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that Carter’s, Inc. will post $5.61 EPS for the current year.

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.

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

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