Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of Carter’s, Inc. (NYSE:CRI) by 16.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,500 shares of the textile maker’s stock after selling 481 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carter’s were worth $252,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in CRI. World Asset Management Inc boosted its stake in shares of Carter’s by 18.8% in the first quarter. World Asset Management Inc now owns 3,401 shares of the textile maker’s stock worth $343,000 after acquiring an additional 538 shares during the period. Bank of Montreal Can boosted its stake in shares of Carter’s by 1.3% in the first quarter. Bank of Montreal Can now owns 24,969 shares of the textile maker’s stock worth $2,517,000 after acquiring an additional 309 shares during the period. Private Capital Group LLC boosted its stake in shares of Carter’s by 38.8% in the first quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after acquiring an additional 164 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Carter’s by 92.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,860 shares of the textile maker’s stock worth $187,000 after acquiring an additional 891 shares during the period. Finally, Boston Financial Mangement LLC boosted its stake in shares of Carter’s by 25.8% in the first quarter. Boston Financial Mangement LLC now owns 102,011 shares of the textile maker’s stock worth $10,282,000 after acquiring an additional 20,893 shares during the period. 95.82% of the stock is owned by institutional investors and hedge funds.

NYSE:CRI opened at $91.81 on Thursday. The company has a current ratio of 2.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $4.25 billion, a P/E ratio of 14.60, a PEG ratio of 1.84 and a beta of 0.62. Carter’s, Inc. has a 12 month low of $75.66 and a 12 month high of $118.22.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $741.06 million for the quarter, compared to the consensus estimate of $724.08 million. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.09 earnings per share. On average, equities research analysts anticipate that Carter’s, Inc. will post 6.64 EPS for the current year.

A number of research firms have recently weighed in on CRI. ValuEngine raised Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Zacks Investment Research lowered Carter’s from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. DA Davidson began coverage on Carter’s in a research note on Tuesday, April 23rd. They issued a “neutral” rating and a $105.15 price objective for the company. Deutsche Bank began coverage on Carter’s in a research note on Tuesday, April 16th. They issued a “hold” rating and a $99.00 price objective for the company. Finally, Citigroup reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Carter’s in a research note on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $106.92.

In related news, EVP Kendra Krugman sold 500 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $108.44, for a total value of $54,220.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jill Wilson sold 2,843 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $108.38, for a total value of $308,124.34. The disclosure for this sale can be found here. Insiders sold 19,883 shares of company stock worth $1,993,643 over the last quarter. 3.20% of the stock is owned by company insiders.

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About Carter’s

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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