Nicola Wealth Management LTD. Buys 34,000 Shares of Carter’s, Inc. (NYSE:CRI)

Nicola Wealth Management LTD. grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 91.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,100 shares of the textile maker’s stock after buying an additional 34,000 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Carter’s were worth $4,620,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Carter’s in the 3rd quarter valued at about $28,000. Gladius Capital Management LP bought a new position in Carter’s during the second quarter worth about $30,000. CWM LLC increased its position in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the period.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America lowered their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company reduced their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $67.67.

Carter’s Stock Performance

NYSE:CRI traded up $0.65 on Thursday, reaching $54.36. 121,578 shares of the company’s stock were exchanged, compared to its average volume of 971,089. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 3.21 and a beta of 1.24. The stock has a fifty day simple moving average of $62.91 and a 200-day simple moving average of $64.10.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.