Carter’s, Inc. (CRI) Holdings Lifted by Hussman Strategic Advisors Inc.

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Hussman Strategic Advisors Inc. grew its position in shares of Carter’s, Inc. (NYSE:CRI) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,700 shares of the textile maker’s stock after purchasing an additional 700 shares during the quarter. Carter’s comprises approximately 1.4% of Hussman Strategic Advisors Inc.’s investment portfolio, making the stock its 6th largest position. Hussman Strategic Advisors Inc. owned approximately 0.11% of Carter’s worth $4,999,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CRI. Legal & General Group Plc raised its holdings in Carter’s by 11.7% during the 1st quarter. Legal & General Group Plc now owns 67,306 shares of the textile maker’s stock worth $7,007,000 after purchasing an additional 7,062 shares during the last quarter. Royal Bank of Canada raised its holdings in Carter’s by 16.9% during the 1st quarter. Royal Bank of Canada now owns 170,728 shares of the textile maker’s stock worth $17,772,000 after purchasing an additional 24,701 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in Carter’s by 44.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,530 shares of the textile maker’s stock worth $576,000 after purchasing an additional 1,700 shares during the last quarter. WINTON GROUP Ltd bought a new position in Carter’s during the 1st quarter worth approximately $545,000. Finally, Principal Financial Group Inc. raised its holdings in Carter’s by 3.6% during the 1st quarter. Principal Financial Group Inc. now owns 210,580 shares of the textile maker’s stock worth $21,921,000 after purchasing an additional 7,230 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

In related news, Chairman Michael Dennis Casey sold 25,000 shares of Carter’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $97.76, for a total value of $2,444,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jevin Eagle sold 5,000 shares of Carter’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total transaction of $545,500.00. Following the completion of the sale, the director now directly owns 6,297 shares of the company’s stock, valued at approximately $687,002.70. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.

Shares of NYSE:CRI traded down $0.70 during mid-day trading on Wednesday, hitting $98.43. The company had a trading volume of 4,543 shares, compared to its average volume of 1,192,663. The firm has a market capitalization of $4.26 billion, a P/E ratio of 17.06, a P/E/G ratio of 1.96 and a beta of 0.50. The company has a quick ratio of 1.49, a current ratio of 3.67 and a debt-to-equity ratio of 0.98. Carter’s, Inc. has a one year low of $88.98 and a one year high of $129.00.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.12). The company had revenue of $923.91 million during the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. On average, analysts anticipate that Carter’s, Inc. will post 6.04 EPS for the current fiscal year.

Several research analysts have issued reports on CRI shares. ValuEngine upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, September 18th. Macquarie set a $100.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research note on Friday, October 26th. Monness Crespi & Hardt lowered their price objective on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Finally, TheStreet lowered shares of Carter’s from a “b” rating to a “c+” rating in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Carter’s has a consensus rating of “Hold” and a consensus price target of $113.30.

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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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

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