Carter’s, Inc. (CRI) Position Lifted by APG Asset Management N.V.
APG Asset Management N.V. boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,748 shares of the textile maker’s stock after buying an additional 14,400 shares during the period. APG Asset Management N.V. owned approximately 0.46% of Carter’s worth $21,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in CRI. Meeder Asset Management Inc. acquired a new position in Carter’s during the 2nd quarter valued at about $118,000. Advisory Services Network LLC acquired a new position in Carter’s during the 2nd quarter valued at about $125,000. Mountain Capital Investment Advisors Inc acquired a new position in Carter’s during the 2nd quarter valued at about $128,000. PNC Financial Services Group Inc. increased its position in Carter’s by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after buying an additional 35 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Carter’s by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock valued at $156,000 after buying an additional 124 shares in the last quarter. 97.33% of the stock is currently owned by institutional investors.
A number of brokerages have recently weighed in on CRI. Citigroup Inc. increased their price objective on Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Monday. Cowen and Company set a $92.00 price objective on Carter’s and gave the company a “hold” rating in a report on Monday, October 23rd. BidaskClub lowered Carter’s from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Carter’s in a report on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $104.09.
Shares of Carter’s, Inc. (NYSE CRI) opened at 97.33 on Tuesday. The company’s 50-day moving average price is $94.57 and its 200 day moving average price is $89.45. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 19.09 and a beta of 0.34. Carter’s, Inc. has a 12-month low of $77.94 and a 12-month high of $99.75.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to analysts’ expectations of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. On average, equities research analysts forecast that Carter’s, Inc. will post $5.63 EPS for the current fiscal year.
In related news, 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 value of $756,953.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, 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 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, 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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