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Cubist Systematic Strategies LLC sells shares of Carter’s, Inc. (NYSE:CRI).

Cubist Systematic Strategies LLC sells shares of Carter’s, Inc. (NYSE:CRI).

According to the most recent statement filed by the company with the Securities and Exchange Commission, Cubist Systematic Strategies LLC decreased its holdings in Carter’s, Inc. (NYSE: CRI) during the third quarter. The statement was made public by the company. The institutional investor had 34,774 shares of the textile manufacturer’s stock in their possession at the end of the month after having sold 41,429 shares of the stock throughout the month. According to the most recent filing that Cubist Systematic Strategies LLC had with the SEC, the company owned approximately 0.09% of Carter’s, which at the time was valued at approximately $2,279,000.

Recent months have brought about shifts in the ownership structures of the company on the part of hedge funds and various other types of institutional investors. The value of BlackRock Inc.’s holdings in Carter’s increased by 0.7% during the first three months of 2018. BlackRock Inc. now directly owns 3,454,471 shares of the textile manufacturer’s stock after making an additional purchase of 23,125 in the most recent quarter. The stock is currently valued at $317,777,000. Mackenzie Financial Corporation purchased an additional 1.4% of Carter’s stock during the first three months of 2018. After making additional purchases totaling $30,901 during the most recent quarter, Mackenzie Financial Corp. now has 2,241,385 shares of the textile manufacturer’s stock. The total value of the company’s stock holdings, as measured by the company’s current market value, is $206,185,000. During the third quarter, LSV Asset Management increased 20.7% in the proportion of Carter’s stock that it owned. Following the acquisition of an additional 209,604 shares of the textile manufacturer’s stock during the most recent quarter, LSV Asset Management now owns 1,222,938 shares of the company’s stock. The value of these shares on the market as of right now is $80,139,000. During the third quarter, Victory Capital Management Inc. brought the total amount of Carter’s stock that it owned to a level that was 14.5% higher than before. After purchasing an additional 149,321 shares of the textile manufacturer’s stock during the most recent fiscal quarter, Victory Capital Management Inc. now has 1,178,878 shares in its possession. The value of these shares on the market as of right now is $77,251,000. The percentage of Carter’s stock that State Street Corporation owned at the beginning of the year increased by 3.7% over the first three months. State Street Corp. now owns 1,146,926 shares of the textile business worth $105,506,000 after purchasing an additional 41,189 shares during the most recent quarter. This brings the total number of shares owned by the company to 1,146,189. The company’s stock is owned by institutional investors and hedge funds to the tune of 99.13%.

According to reports, Chief Executive Officer Michael Dennis Casey sold 41,798 company stock on Friday, November 18. This information was obtained from related news articles. A total of 3,134,850.00 worth of shares were traded at an average price of $75.00 per share, bringing the total amount of money involved to 3,134,850.00. After the sale was finalized, the chief executive officer was vested with ownership of 414,856 shares of the corporation. The total value of these shares was $31,114,200. You will be taken to a document submitted to the Securities and Exchange Commission if you select this link and click on it. This document contains additional information about the transaction. According to reports, Chief Executive Officer Michael Dennis Casey sold 41,798 company stock on Friday, November 18. This information was obtained from related news articles. A total of 3,134,850.00 worth of shares were traded at an average price of $75.00 per share, bringing the total amount of money involved to 3,134,850.00.

As a direct result of the sale, the chief executive officer now owns 414,856 shares. The current market value of these shares is $31,114,200. The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed entirely by following the link provided in the previous sentence. The documentation was provided to the SEC. In addition, on December 9, Executive Vice President Julie D’Emilio sold 5,000 of the company’s shares of stock. The total amount of money obtained from the sale of the shares was 363,850 dollars, which comes out to $72.77 for each share. The completion of the transaction resulted in the executive vice president acquiring direct ownership of 33,761 shares of the company’s stock. The current market price of these shares is $2,456,787.97, giving the executive vice president a total value of $2,456,787.97.

Disclosures that are related to the sale might be found in this section of the website. During the trading session on Monday, the price of CRI stock increased by $0.92, bringing its total value to $83.77. Insiders of the company sold 92,610 shares of company stock during the most recent fiscal quarter for a total value of $6,935,813, representing 3.60% of the total number of currently outstanding shares. The number of shares the company traded was significantly lower than its typical volume of 563,022, which was 9,546. The stock price has reached $73.67, which corresponds to its 50-day simple moving average, and $74.49, which corresponds to its 200-day simple moving average. The stock is trading at a price corresponding to a price-to-earnings ratio of 12.75, and its beta value is 1.21. The value of the company’s stock on the market is approximately $3.20 billion. Currently, the debt-to-equity ratio stands at 0.93, the quick ratio stands at 0.81, and the current ratio sits at 2.40. Carter’s, Inc. hit its all-time low of $62.65 one year ago, while the company reached its all-time high of $100.07 that same year.

On Friday, October 28, the most recent earnings report for Carter’s, whose stock is traded on the New York Stock Exchange (NYSE) under the ticker symbol CRI, was made public. The textile company reported quarterly earnings per share (EPS) of $1.67, which was $0.67 higher than the analysts’ consensus estimate, who had predicted an EPS of $1.67 for the quarter. The percentages for Carter’s net margin came in at 7.94%, and their return on equity was 44.06%. The company’s sales for the quarter came in at $818.60 million, significantly lower than the $853.63 million analysts in the industry had predicted they would be. The company’s earnings per share came in at $1.93, comparable to the amount earned during the same quarter the year before. Throughout the year, Carter experienced an 8.1% decrease in annual revenue. This year, Carter’s, Inc. is expected to generate $6.37 in earnings per share, which is to the projections made by the analysts.

In addition, the company has just announced and paid out a quarterly dividend, which was done so on December 9, after the dividend was declared and paid out. On Tuesday, November 29, dividend payments to stockholders whose information was already on file were sent out. The amount of each dividend payment was $0.75 per share. This results in the investment producing a yield of 3.58% and an annual dividend payment of $3.00. November 28, which was a Monday, was the date that marked the beginning of this dividend’s “ex-dividend” period. The current payout ratio for Carter is at a level of 45.66%.

Recently, a variety of different brokerage houses have each presented their take on CRI. In a report disseminated on November 1, Monness Crespi & Hardt projected that Carter’s stock would reach $80 per share by the end of the year. On October 12, a Wednesday, StockNews.com began providing coverage on Carter’s shares by publishing a research report on the company. They advised their clients to “hold” the stock moving forward. There is one research analyst who suggests purchasing the stock, three additional analysts who suggest maintaining the current holdings of the stock, and two research specialists who suggest selling the stock. According to Bloomberg, the current consensus recommendation for Carter’s is “Hold,” and the price objective for the company is reported to be $86,000.00.

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