Mercer Global Advisors Inc. ADV Takes $542,000 Position in Carter’s, Inc. (CRI)

Mercer Global Advisors Inc. ADV acquired a new position in Carter’s, Inc. (NYSE:CRI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,645 shares of the textile maker’s stock, valued at approximately $542,000.

A number of other large investors have also modified their holdings of the stock. First Citizens Bank & Trust Co. increased its holdings in shares of Carter’s by 36.4% during the first quarter. First Citizens Bank & Trust Co. now owns 4,120 shares of the textile maker’s stock worth $415,000 after buying an additional 1,099 shares in the last quarter. Reinhart Partners Inc. boosted its position in shares of Carter’s by 50.4% during the first quarter. Reinhart Partners Inc. now owns 47,802 shares of the textile maker’s stock worth $4,818,000 after purchasing an additional 16,012 shares in the last quarter. Dubuque Bank & Trust Co. bought a new position in shares of Carter’s during the first quarter worth $50,000. Geode Capital Management LLC boosted its position in shares of Carter’s by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 430,909 shares of the textile maker’s stock worth $35,170,000 after purchasing an additional 10,307 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Carter’s during the fourth quarter worth $53,891,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.

In related news, CFO Richard F. Westenberger sold 6,185 shares of the 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jill Wilson sold 2,843 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.38, for a total transaction of $308,124.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,883 shares of company stock worth $1,993,643. Insiders own 3.20% of the company’s stock.

A number of brokerages recently commented on CRI. TheStreet upgraded shares of Carter’s from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Zacks Investment Research lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Citigroup reaffirmed a “buy” rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, Deutsche Bank started coverage on shares of Carter’s in a report on Tuesday, April 16th. They issued a “hold” rating and a $99.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $106.92.

NYSE CRI traded down $0.34 on Friday, hitting $99.80. The company’s stock had a trading volume of 688,412 shares, compared to its average volume of 778,423. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68. Carter’s, Inc. has a 1-year low of $75.66 and a 1-year high of $118.22. The stock has a market cap of $4.51 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.96 and a beta of 0.62.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The firm had revenue of $741.06 million during the quarter, compared to analysts’ expectations of $724.08 million. During the same period in the prior year, the company posted $1.09 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Analysts predict that Carter’s, Inc. will post 6.64 earnings per share for the current fiscal year.

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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, 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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