Municipal Employees Retirement System of Michigan Trimmeds Holding in Carter’s, Inc. (CRI)

Municipal Employees Retirement System of Michigan Trimmeds Holding in Carter’s, Inc. (CRI)

Municipal Employees Retirement System of Michigan reduced its stake in shares of Carter's, Inc. (NYSE:CRI) by 0.7% during the first quarter, Holdings Channel reports. The firm owned 22,880 shares of the textile maker’s stock after selling 160 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Carter's were worth $2,055,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Boston Private Wealth LLC increased its stake in shares of Carter's by 3.6% in the first quarter. Boston Private Wealth LLC now owns 11,672 shares of the textile maker’s stock valued at $1,048,000 after buying an additional 410 shares during the period. MAI Capital Management increased its stake in shares of Carter's by 2.9% in the first quarter. MAI Capital Management now owns 7,840 shares of the textile maker’s stock valued at $704,000 after buying an additional 220 shares during the period. Alliancebernstein L.P. increased its stake in shares of Carter's by 1.2% in the first quarter. Alliancebernstein L.P. now owns 38,455 shares of the textile maker’s stock valued at $3,453,000 after buying an additional 465 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carter's during the first quarter valued at approximately $1,063,000. Finally, WFG Advisors LP increased its stake in shares of Carter's by 7.2% in the first quarter. WFG Advisors LP now owns 2,010 shares of the textile maker’s stock valued at $180,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 94.14% of the company’s stock.

Carter's, Inc. (NYSE CRI) traded up 0.54% on Friday, reaching $84.33. 767,932 shares of the company’s stock traded hands. Carter's, Inc. has a 52-week low of $77.94 and a 52-week high of $112.58. The stock’s 50 day moving average is $88.33 and its 200 day moving average is $88.17. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 16.84 and a beta of 0.35.

Carter's (NYSE:CRI) last announced its quarterly earnings results on Thursday, April 27th. The textile maker reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.13. Carter's had a net margin of 7.78% and a return on equity of 30.07%. The firm had revenue of $732.80 million for the quarter, compared to analyst estimates of $713.98 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that Carter's, Inc. will post $5.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Shareholders of record on Tuesday, May 30th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, May 25th. Carter's’s payout ratio is currently 27.85%.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Carter's from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Stifel Nicolaus upped their price objective on shares of Carter's from $80.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, April 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $105.00 price objective on shares of Carter's in a research note on Wednesday, April 26th. FBR & Co set a $111.00 price objective on shares of Carter's and gave the company a “buy” rating in a research note on Saturday, February 25th. Finally, Piper Jaffray Companies upgraded shares of Carter's from a “neutral” rating to an “overweight” rating and set a $100.00 price objective on the stock in a research note on Tuesday, February 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $102.55.

In other Carter's news, SVP Jill Wilson sold 4,288 shares of Carter's stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $92.10, for a total value of $394,924.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Pulver purchased 1,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average cost of $80.10 per share, for a total transaction of $80,100.00. Following the purchase, the director now owns 54,331 shares of the company’s stock, valued at approximately $4,351,913.10. The disclosure for this purchase can be found here. Insiders own 3.10% of the company’s stock.

About Carter's

Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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