Arizona State Retirement System Sells 420 Shares of Carter’s, Inc. (NYSE:CRI)

Arizona State Retirement System cut its stake in shares of Carter’s, Inc. (NYSE:CRIGet Rating) by 3.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 11,425 shares of the textile maker’s stock after selling 420 shares during the period. Arizona State Retirement System’s holdings in Carter’s were worth $1,051,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in Carter’s during the 1st quarter valued at $1,301,000. Louisiana State Employees Retirement System raised its stake in shares of Carter’s by 1.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the textile maker’s stock worth $1,040,000 after purchasing an additional 200 shares during the period. American Century Companies Inc. raised its stake in shares of Carter’s by 43.3% during the 4th quarter. American Century Companies Inc. now owns 151,977 shares of the textile maker’s stock worth $15,383,000 after purchasing an additional 45,893 shares during the period. KBC Group NV bought a new stake in shares of Carter’s during the 4th quarter worth $72,000. Finally, O Shares Investment Advisers LLC raised its stake in shares of Carter’s by 2.3% during the 4th quarter. O Shares Investment Advisers LLC now owns 6,376 shares of the textile maker’s stock worth $645,000 after purchasing an additional 144 shares during the period. 97.10% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRI. B. Riley lowered their price objective on Carter’s from $114.00 to $99.00 in a research note on Monday. Citigroup cut Carter’s from a “buy” rating to a “sell” rating and lowered their price objective for the company from $110.00 to $68.00 in a research note on Monday, May 23rd. Wells Fargo & Company lowered their price objective on Carter’s from $90.00 to $80.00 and set a “maintains” rating on the stock in a research note on Wednesday, July 27th. Bank of America cut Carter’s from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $120.00 to $82.00 in a research note on Wednesday, April 27th. Finally, UBS Group boosted their price objective on Carter’s from $72.00 to $86.00 and gave the company a “maintains” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $87.17.

Insider Buying and Selling

In other news, Director William J. Montgoris bought 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 20th. The stock was bought at an average price of $75.00 per share, for a total transaction of $75,000.00. Following the transaction, the director now directly owns 39,525 shares of the company’s stock, valued at approximately $2,964,375. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Carter’s Stock Down 2.3 %

Shares of NYSE CRI opened at $81.35 on Wednesday. Carter’s, Inc. has a 12 month low of $67.88 and a 12 month high of $111.17. The company has a current ratio of 2.09, a quick ratio of 0.77 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 3.60 and a beta of 1.29. The business has a 50-day moving average of $75.51 and a 200-day moving average of $84.81.

Carter’s (NYSE:CRIGet Rating) last issued its quarterly earnings data on Friday, July 29th. The textile maker reported $1.30 EPS for the quarter, missing the consensus estimate of $1.63 by ($0.33). Carter’s had a return on equity of 32.27% and a net margin of 8.35%. The business had revenue of $700.60 million for the quarter, compared to analysts’ expectations of $744.31 million. During the same period in the previous year, the firm posted $1.67 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. Sell-side analysts expect that Carter’s, Inc. will post 7.35 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Tuesday, May 31st were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Friday, May 27th. Carter’s’s payout ratio is 43.92%.

Carter’s Company Profile

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Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

See Also

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

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