Glenmede Trust Co. NA Reduces Stock Position in Carter’s, Inc. (NYSE:CRI)

Glenmede Trust Co. NA reduced its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 53.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,962 shares of the textile maker’s stock after selling 142,519 shares during the quarter. Glenmede Trust Co. NA’s holdings in Carter’s were worth $11,022,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CRI. Canada Pension Plan Investment Board purchased a new stake in Carter’s in the 4th quarter worth approximately $30,000. First Mercantile Trust Co. purchased a new stake in Carter’s in the 1st quarter worth approximately $49,000. RBA Wealth Management LLC purchased a new stake in Carter’s in the 1st quarter worth approximately $64,000. Advisors Asset Management Inc. lifted its stake in Carter’s by 42.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,161 shares of the textile maker’s stock worth $192,000 after purchasing an additional 639 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in Carter’s in the 1st quarter worth approximately $245,000.

Several research firms have issued reports on CRI. Monness Crespi & Hardt increased their target price on shares of Carter’s from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. B. Riley increased their price target on shares of Carter’s from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Monday, May 3rd. Finally, Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a report on Monday, June 21st. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $110.13.

In other Carter’s news, SVP Jill Wilson sold 7,400 shares of the firm’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $110.32, for a total value of $816,368.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Ben Pivar sold 2,019 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $109.10, for a total transaction of $220,272.90. Following the completion of the sale, the senior vice president now directly owns 10,496 shares in the company, valued at approximately $1,145,113.60. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by company insiders.

CRI stock opened at $98.06 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.07 and a current ratio of 2.92. Carter’s, Inc. has a 52 week low of $76.01 and a 52 week high of $116.92. The firm’s fifty day simple moving average is $102.61. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.77 and a beta of 1.41.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, April 29th. The textile maker reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $1.70. Carter’s had a net margin of 8.67% and a return on equity of 34.55%. The company had revenue of $787.60 million for the quarter, compared to analyst estimates of $656.02 million. During the same quarter last year, the firm earned ($0.81) EPS. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts predict that Carter’s, Inc. will post 6.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Wednesday, May 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, May 11th. Carter’s’s dividend payout ratio is currently 38.46%.

Carter’s Company 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, Carter's little baby basics, and other brands in the United States and internationally. 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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