Teza Capital Management LLC bought a new stake in Carter’s, Inc. (NYSE:CRI – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,306 shares of the textile maker’s stock, valued at approximately $282,000.
Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC bought a new position in Carter’s in the second quarter valued at about $26,000. Ronald Blue Trust Inc. increased its stake in shares of Carter’s by 331.9% in the third quarter. Ronald Blue Trust Inc. now owns 406 shares of the textile maker’s stock valued at $29,000 after buying an additional 312 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Carter’s by 159.4% in the first quarter. Parkside Financial Bank & Trust now owns 415 shares of the textile maker’s stock valued at $38,000 after buying an additional 255 shares during the period. Covestor Ltd increased its stake in shares of Carter’s by 129.7% in the first quarter. Covestor Ltd now owns 627 shares of the textile maker’s stock valued at $58,000 after buying an additional 354 shares during the period. Finally, Eagle Bay Advisors LLC increased its stake in shares of Carter’s by 63.1% in the second quarter. Eagle Bay Advisors LLC now owns 809 shares of the textile maker’s stock valued at $57,000 after buying an additional 313 shares during the period. 99.13% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wedbush cut Carter’s from an “outperform” rating to a “neutral” rating and set a $78.00 price target for the company. in a research note on Thursday, January 26th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.25.
Carter’s Trading Down 2.5 %
Carter’s (NYSE:CRI – Get Rating) last released its earnings results on Friday, February 24th. The textile maker reported $2.29 EPS for the quarter, topping the consensus estimate of $1.74 by $0.55. Carter’s had a return on equity of 45.25% and a net margin of 7.78%. The business had revenue of $912.10 million during the quarter, compared to analysts’ expectations of $897.27 million. During the same quarter last year, the firm posted $2.31 earnings per share. The firm’s revenue was down 14.1% on a year-over-year basis. Research analysts expect that Carter’s, Inc. will post 5.88 earnings per share for the current year.
Carter’s Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Tuesday, March 7th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, March 6th. This represents a $3.00 annualized dividend and a yield of 4.28%. Carter’s’s dividend payout ratio is currently 47.10%.
Insider Buying and Selling
In related news, CEO Michael Dennis Casey sold 3,145 shares of the firm’s stock in a transaction that occurred on Tuesday, December 27th. The stock was sold at an average price of $75.03, for a total transaction of $235,969.35. Following the completion of the sale, the chief executive officer now owns 380,162 shares of the company’s stock, valued at $28,523,554.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by insiders.
Carter’s, Inc engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail and online stores. The U.S. Wholesale segment includes sales in the United States of products to wholesale partners.
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