Retirement Systems of Alabama Sells 600 Shares of Carter’s, Inc. (CRI)

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Retirement Systems of Alabama reduced its holdings in Carter’s, Inc. (NYSE:CRI) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,054 shares of the textile maker’s stock after selling 600 shares during the period. Retirement Systems of Alabama owned about 0.23% of Carter’s worth $8,575,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRI. Dimensional Fund Advisors LP boosted its holdings in shares of Carter’s by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 456,973 shares of the textile maker’s stock valued at $49,536,000 after acquiring an additional 6,161 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Carter’s by 194.0% during the second quarter. PNC Financial Services Group Inc. now owns 4,230 shares of the textile maker’s stock worth $459,000 after buying an additional 2,791 shares in the last quarter. Federated Investors Inc. PA boosted its holdings in Carter’s by 4.0% during the second quarter. Federated Investors Inc. PA now owns 19,241 shares of the textile maker’s stock worth $2,086,000 after buying an additional 741 shares in the last quarter. OppenheimerFunds Inc. boosted its holdings in Carter’s by 91.3% during the second quarter. OppenheimerFunds Inc. now owns 152,988 shares of the textile maker’s stock worth $16,582,000 after buying an additional 72,999 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Carter’s by 3.3% during the second quarter. Bank of America Corp DE now owns 280,678 shares of the textile maker’s stock worth $30,422,000 after buying an additional 8,973 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CRI opened at $81.37 on Monday. The company has a current ratio of 3.67, a quick ratio of 1.49 and a debt-to-equity ratio of 0.98. The firm has a market cap of $3.84 billion, a P/E ratio of 14.13, a PEG ratio of 1.54 and a beta of 0.68. Carter’s, Inc. has a 1 year low of $75.66 and a 1 year high of $129.00.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). The company had revenue of $923.91 million for the quarter, compared to analyst estimates of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. On average, research analysts anticipate that Carter’s, Inc. will post 6.05 EPS for the current year.

A number of analysts recently issued reports on the stock. ValuEngine downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Co lowered their price target on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Citigroup increased their price target on shares of Carter’s from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Finally, Macquarie downgraded shares of Carter’s from an “outperform” rating to a “neutral” rating in a report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $109.50.

In other Carter’s news, SVP Jill Wilson sold 2,835 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total transaction of $272,925.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Pulver acquired 1,000 shares of Carter’s stock in a transaction on Thursday, December 6th. The shares were bought at an average price of $86.10 per share, with a total value of $86,100.00. Following the completion of the transaction, the director now directly owns 65,517 shares of the company’s stock, valued at approximately $5,641,013.70. The disclosure for this purchase can be found here. Insiders have sold 102,835 shares of company stock valued at $9,606,925 over the last 90 days. 3.30% of the stock is currently owned by company insiders.

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Carter’s Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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

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