Great West Life Assurance Co. Can Has $2.84 Million Position in Carter’s, Inc. (NYSE:CRI)

Great West Life Assurance Co. Can lowered its stake in Carter’s, Inc. (NYSE:CRI) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,185 shares of the textile maker’s stock after selling 406 shares during the quarter. Great West Life Assurance Co. Can owned about 0.06% of Carter’s worth $2,838,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Alpha Quant Advisors LLC lifted its position in shares of Carter’s by 112.7% in the 1st quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after purchasing an additional 177 shares during the period. Dubuque Bank & Trust Co. purchased a new stake in shares of Carter’s in the 1st quarter worth approximately $50,000. Private Capital Group LLC lifted its position in shares of Carter’s by 38.8% in the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after purchasing an additional 164 shares during the period. Ffcm LLC lifted its position in shares of Carter’s by 1,761.4% in the 4th quarter. Ffcm LLC now owns 1,638 shares of the textile maker’s stock worth $134,000 after purchasing an additional 1,550 shares during the period. Finally, First Quadrant L P CA purchased a new stake in shares of Carter’s in the 1st quarter worth approximately $155,000. Institutional investors and hedge funds own 95.82% of the company’s stock.

Shares of NYSE:CRI traded up $2.08 during midday trading on Friday, reaching $97.54. The company’s stock had a trading volume of 1,082,700 shares, compared to its average volume of 749,257. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.86 and a beta of 0.80. Carter’s, Inc. has a twelve month low of $75.66 and a twelve month high of $118.22. The firm has a fifty day moving average price of $92.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.68 and a quick ratio of 1.25.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.17. The firm had revenue of $741.06 million for the quarter, compared to analyst estimates of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 earnings per share. Equities analysts predict that Carter’s, Inc. will post 6.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th were paid a $0.50 dividend. The ex-dividend date was Tuesday, May 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.05%. Carter’s’s payout ratio is currently 31.80%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Tuesday, April 2nd. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Wednesday, March 13th. DA Davidson assumed coverage on shares of Carter’s in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 target price for the company. Deutsche Bank assumed coverage on shares of Carter’s in a research report on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price for the company. Finally, Citigroup reissued a “buy” rating and set a $120.00 target price on shares of Carter’s in a research report on Monday, March 18th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $106.13.

In related news, CFO Richard F. Westenberger sold 3,880 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $106.35, for a total transaction of $412,638.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jill Wilson sold 2,843 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The disclosure for this sale can be found here. Insiders sold 7,223 shares of company stock worth $774,982 in the last quarter. Company insiders own 3.20% of the company’s stock.

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.

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

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