Dubuque Bank & Trust Co. Acquires New Stake in Carter’s, Inc. (CRI)

Dubuque Bank & Trust Co. bought a new position in shares of Carter’s, Inc. (NYSE:CRI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 500 shares of the textile maker’s stock, valued at approximately $50,000.

A number of other large investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of Carter’s by 14.8% in the third quarter. JPMorgan Chase & Co. now owns 1,028,620 shares of the textile maker’s stock worth $101,422,000 after purchasing an additional 132,471 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Carter’s by 7.1% in the third quarter. Alliancebernstein L.P. now owns 30,796 shares of the textile maker’s stock worth $3,036,000 after purchasing an additional 2,050 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Carter’s by 15.9% in the third quarter. PNC Financial Services Group Inc. now owns 4,904 shares of the textile maker’s stock worth $484,000 after purchasing an additional 674 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carter’s by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 465,604 shares of the textile maker’s stock worth $45,906,000 after purchasing an additional 8,631 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its stake in shares of Carter’s by 21.1% in the third quarter. AMP Capital Investors Ltd now owns 5,300 shares of the textile maker’s stock worth $515,000 after purchasing an additional 923 shares during the last quarter. 95.82% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. DA Davidson began coverage on Carter’s in a research note on Tuesday. They issued a “neutral” rating and a $105.15 price objective for the company. Deutsche Bank began coverage on Carter’s in a research report on Tuesday, April 16th. They issued a “hold” rating and a $99.00 price objective on the stock. ValuEngine raised Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday, April 2nd. Finally, Citigroup reissued a “buy” rating and issued a $120.00 price objective on shares of Carter’s in a research report on Monday, March 18th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Carter’s currently has an average rating of “Hold” and an average target price of $107.29.

In other news, CFO Richard F. Westenberger sold 6,185 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $98.44, for a total transaction of $608,851.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Julie D’emilio sold 4,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.78, for a total transaction of $371,120.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,660 shares of company stock worth $1,218,660. 3.30% of the stock is currently owned by corporate insiders.

Shares of Carter’s stock traded up $0.41 on Friday, hitting $106.73. 633,737 shares of the company traded hands, compared to its average volume of 721,279. The company has a quick ratio of 1.43, a current ratio of 3.19 and a debt-to-equity ratio of 0.68. Carter’s, Inc. has a 12-month low of $75.66 and a 12-month high of $118.22. The stock has a market cap of $4.83 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.98 and a beta of 0.61.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Monday, February 25th. The textile maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.57 by $0.27. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company posted $2.32 EPS. Carter’s’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts expect that Carter’s, Inc. will post 6.64 earnings per share for the current fiscal year.

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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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