Swiss National Bank Has $6.79 Million Stake in Carter’s, Inc. (NYSE:CRI)

Swiss National Bank decreased its stake in Carter’s, Inc. (NYSE:CRIGet Rating) by 3.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,400 shares of the textile maker’s stock after selling 3,500 shares during the quarter. Swiss National Bank owned approximately 0.25% of Carter’s worth $6,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp lifted its position in Carter’s by 20.3% in the 2nd quarter. Fifth Third Bancorp now owns 805 shares of the textile maker’s stock worth $57,000 after buying an additional 136 shares in the last quarter. Van ECK Associates Corp lifted its position in Carter’s by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 1,080 shares of the textile maker’s stock worth $99,000 after buying an additional 148 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Carter’s by 7.6% during the 1st quarter. Guggenheim Capital LLC now owns 2,349 shares of the textile maker’s stock valued at $216,000 after purchasing an additional 166 shares in the last quarter. Brinker Capital Investments LLC raised its holdings in shares of Carter’s by 1.3% during the 1st quarter. Brinker Capital Investments LLC now owns 12,517 shares of the textile maker’s stock valued at $1,151,000 after purchasing an additional 166 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Carter’s by 2.1% during the 1st quarter. Teacher Retirement System of Texas now owns 8,665 shares of the textile maker’s stock valued at $797,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 99.13% of the company’s stock.

Carter’s Stock Performance

NYSE:CRI opened at $75.44 on Wednesday. Carter’s, Inc. has a 1 year low of $62.65 and a 1 year high of $107.96. The firm’s fifty day simple moving average is $70.58 and its 200 day simple moving average is $74.77. The company has a current ratio of 2.40, a quick ratio of 0.81 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.88 billion, a PE ratio of 11.48 and a beta of 1.25.

Carter’s (NYSE:CRIGet Rating) last posted its earnings results on Friday, October 28th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. Carter’s had a net margin of 7.94% and a return on equity of 44.06%. The business had revenue of $818.60 million for the quarter, compared to analyst estimates of $853.63 million. During the same period last year, the business posted $1.93 EPS. Carter’s’s revenue was down 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Carter’s, Inc. will post 6.39 EPS for the current year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Tuesday, November 29th will be given a $0.75 dividend. The ex-dividend date of this dividend is Monday, November 28th. This represents a $3.00 annualized dividend and a yield of 3.98%. Carter’s’s dividend payout ratio is 45.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Evercore ISI cut their price target on shares of Carter’s to $80.00 in a report on Tuesday, August 9th. StockNews.com assumed coverage on shares of Carter’s in a report on Wednesday, October 12th. They set a “hold” rating on the stock. B. Riley cut their price target on shares of Carter’s to $99.00 in a report on Tuesday, August 9th. Finally, Monness Crespi & Hardt cut their price target on shares of Carter’s to $84.00 in a report on Tuesday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average target price of $86.00.

Insiders Place Their Bets

In other Carter’s news, CEO Michael Dennis Casey sold 41,798 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $75.00, for a total value of $3,134,850.00. Following the sale, the chief executive officer now directly owns 414,856 shares in the company, valued at approximately $31,114,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

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.

Further Reading

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

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