Carter’s, Inc. (NYSE:CRI) Stock Position Cut by Reinhart Partners Inc.

Share on StockTwits

Reinhart Partners Inc. lessened its stake in Carter’s, Inc. (NYSE:CRI) by 5.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,294 shares of the textile maker’s stock after selling 3,033 shares during the period. Reinhart Partners Inc.’s holdings in Carter’s were worth $4,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BancorpSouth Bank grew its position in Carter’s by 2.6% in the 2nd quarter. BancorpSouth Bank now owns 4,392 shares of the textile maker’s stock valued at $428,000 after buying an additional 111 shares in the last quarter. BTIM Corp. grew its position in Carter’s by 22.7% in the 2nd quarter. BTIM Corp. now owns 140,286 shares of the textile maker’s stock valued at $13,683,000 after buying an additional 25,962 shares in the last quarter. A.R.T. Advisors LLC bought a new position in Carter’s in the 2nd quarter valued at about $4,740,000. Paloma Partners Management Co grew its position in Carter’s by 61.0% in the 2nd quarter. Paloma Partners Management Co now owns 13,241 shares of the textile maker’s stock valued at $1,292,000 after buying an additional 5,017 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Carter’s by 12.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 161,645 shares of the textile maker’s stock valued at $15,764,000 after buying an additional 17,903 shares in the last quarter.

NYSE CRI traded up $1.99 on Friday, reaching $108.65. The company’s stock had a trading volume of 522,843 shares, compared to its average volume of 722,192. Carter’s, Inc. has a twelve month low of $75.66 and a twelve month high of $109.71. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 2.53. The stock has a market cap of $4.58 billion, a PE ratio of 17.27, a PEG ratio of 2.04 and a beta of 0.92. The firm’s 50 day moving average is $95.36 and its two-hundred day moving average is $93.94.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.70 by $0.17. Carter’s had a net margin of 7.68% and a return on equity of 35.47%. The company had revenue of $943.32 million during the quarter, compared to the consensus estimate of $936.09 million. During the same period in the prior year, the company earned $1.61 EPS. Carter’s’s revenue was up 2.1% on a year-over-year basis. Equities research analysts anticipate that Carter’s, Inc. will post 6.57 EPS for the current fiscal year.

In other Carter’s news, CEO Michael Dennis Casey sold 20,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $103.36, for a total value of $2,067,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy Woods Brinkley sold 1,298 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.41, for a total transaction of $119,948.18. Following the sale, the director now directly owns 16,468 shares of the company’s stock, valued at $1,521,807.88. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

CRI has been the subject of a number of recent analyst reports. Cfra upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. DA Davidson increased their target price on shares of Carter’s from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. B. Riley set a $118.00 target price on shares of Carter’s and gave the company a “buy” rating in a research report on Tuesday, August 20th. ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Friday, October 4th. Finally, Monness Crespi & Hardt decreased their target price on shares of Carter’s from $120.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $110.25.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

See Also: What is a dividend reinvestment plan?

Want to see what other hedge funds are holding CRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carter’s, Inc. (NYSE:CRI).

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

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Trillium Asset Management LLC Invests $554,000 in Abbott Laboratories
Trillium Asset Management LLC Invests $554,000 in Abbott Laboratories
Goelzer Investment Management Inc. Takes $227,000 Position in Invesco Dynamic Large Cap Value ETF
Goelzer Investment Management Inc. Takes $227,000 Position in Invesco Dynamic Large Cap Value ETF
Goelzer Investment Management Inc. Boosts Stock Position in iShares Edge MSCI USA Quality Factor ETF
Goelzer Investment Management Inc. Boosts Stock Position in iShares Edge MSCI USA Quality Factor ETF
JD.Com Inc  Shares Acquired by Tiedemann Advisors LLC
JD.Com Inc Shares Acquired by Tiedemann Advisors LLC
Tiedemann Advisors LLC Acquires 323 Shares of Broadcom Inc
Tiedemann Advisors LLC Acquires 323 Shares of Broadcom Inc
5,402 Shares in LYFT Inc  Acquired by Tiedemann Advisors LLC
5,402 Shares in LYFT Inc Acquired by Tiedemann Advisors LLC


© 2006-2019 Ticker Report