Bank of Montreal Can Buys Shares of 4,898 Carter’s, Inc. (NYSE:CRI)

Bank of Montreal Can bought a new stake in Carter’s, Inc. (NYSE:CRI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 4,898 shares of the textile maker’s stock, valued at approximately $357,000.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in Carter’s in the 1st quarter valued at about $30,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Carter’s in the 4th quarter valued at approximately $35,000. Parkside Financial Bank & Trust raised its holdings in shares of Carter’s by 159.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 415 shares of the textile maker’s stock valued at $38,000 after purchasing an additional 255 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in shares of Carter’s by 365.4% during the 4th quarter. Industrial Alliance Investment Management Inc. now owns 712 shares of the textile maker’s stock worth $53,000 after purchasing an additional 559 shares during the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Carter’s during the first quarter worth $58,000.

Carter’s Stock Up 1.5 %

Carter’s stock opened at $70.61 on Monday. The stock has a 50-day simple moving average of $67.69 and a 200-day simple moving average of $68.92. The company has a market capitalization of $2.60 billion, a P/E ratio of 12.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.96 and a current ratio of 2.30. Carter’s, Inc. has a fifty-two week low of $60.65 and a fifty-two week high of $86.76.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, October 27th. The textile maker reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.30. Carter’s had a return on equity of 27.45% and a net margin of 6.87%. The business had revenue of $792.00 million during the quarter, compared to the consensus estimate of $785.91 million. During the same period in the prior year, the company earned $1.67 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. Equities research analysts expect that Carter’s, Inc. will post 5.96 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.75 per share. The ex-dividend date is Monday, November 27th. This represents a $3.00 annualized dividend and a dividend yield of 4.25%. Carter’s’s dividend payout ratio (DPR) is 54.74%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised Carter’s from a “hold” rating to a “buy” rating in a research report on Monday, October 30th. Wedbush reiterated a “neutral” rating and issued a $72.00 price target on shares of Carter’s in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Carter’s has an average rating of “Hold” and an average target price of $66.67.

Insider Buying and Selling

In other Carter’s news, EVP Kendra Krugman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $69.96, for a total transaction of $139,920.00. Following the completion of the sale, the executive vice president now directly owns 61,169 shares of the company’s stock, valued at approximately $4,279,383.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Kendra Krugman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $69.96, for a total value of $139,920.00. Following the transaction, the executive vice president now owns 61,169 shares of the company’s stock, valued at $4,279,383.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard F. Westenberger sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $69.24, for a total value of $263,112.00. Following the sale, the chief financial officer now owns 105,334 shares of the company’s stock, valued at approximately $7,293,326.16. The disclosure for this sale can be found here. Insiders have sold a total of 24,713 shares of company stock valued at $1,722,878 over the last quarter. 3.60% of the stock is currently owned by insiders.

Carter’s Profile

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, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.