Reinhart Partners Inc. Lowers Position in Carter’s, Inc. (NYSE:CRI)

Reinhart Partners Inc. trimmed its stake in Carter’s, Inc. (NYSE:CRI) by 5.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,294 shares of the textile maker’s stock after selling 3,033 shares during the quarter. Reinhart Partners Inc. owned about 0.12% of Carter’s worth $4,861,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. BancorpSouth Bank grew its holdings in Carter’s by 2.6% in the second quarter. BancorpSouth Bank now owns 4,392 shares of the textile maker’s stock valued at $428,000 after purchasing an additional 111 shares during the period. BTIM Corp. grew its holdings in Carter’s by 22.7% in the second quarter. BTIM Corp. now owns 140,286 shares of the textile maker’s stock valued at $13,683,000 after purchasing an additional 25,962 shares during the period. A.R.T. Advisors LLC purchased a new stake in Carter’s in the second quarter valued at approximately $4,740,000. Paloma Partners Management Co grew its holdings in Carter’s by 61.0% in the second quarter. Paloma Partners Management Co now owns 13,241 shares of the textile maker’s stock valued at $1,292,000 after purchasing an additional 5,017 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in Carter’s by 12.5% in the second quarter. Russell Investments Group Ltd. now owns 161,645 shares of the textile maker’s stock valued at $15,764,000 after purchasing an additional 17,903 shares during the period.

In other news, CEO Michael Dennis Casey sold 20,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $103.36, for a total transaction of $2,067,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amy Woods Brinkley sold 1,298 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.41, for a total transaction of $119,948.18. Following the transaction, the director now directly owns 16,468 shares in the company, valued at $1,521,807.88. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

CRI stock traded up $1.99 during midday trading on Friday, reaching $108.65. 522,843 shares of the company’s stock traded hands, compared to its average volume of 722,192. The company has a market capitalization of $4.58 billion, a P/E ratio of 17.27, a PEG ratio of 2.04 and a beta of 0.92. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.53 and a quick ratio of 1.03. Carter’s, Inc. has a fifty-two week low of $75.66 and a fifty-two week high of $109.71. The business has a 50-day moving average price of $95.36 and a two-hundred day moving average price of $93.94.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 24th. The textile maker reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.17. The firm had revenue of $943.32 million for the quarter, compared to analysts’ expectations of $936.09 million. Carter’s had a net margin of 7.68% and a return on equity of 35.47%. Carter’s’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 earnings per share. As a group, research analysts forecast that Carter’s, Inc. will post 6.57 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on CRI shares. Monness Crespi & Hardt lowered their target price on shares of Carter’s from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, October 25th. Cfra raised shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 24th. B. Riley set a $118.00 price target on shares of Carter’s and gave the company a “buy” rating in a research report on Tuesday, August 20th. UBS Group set a $100.00 price target on shares of Carter’s and gave the company a “hold” rating in a research report on Friday, October 25th. Finally, DA Davidson lifted their price target on shares of Carter’s from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $110.25.

Carter’s Company 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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