Kestra Investment Management LLC Invests $600,000 in Carter’s, Inc. (NYSE:CRI)

Kestra Investment Management LLC purchased a new position in Carter’s, Inc. (NYSE:CRI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,238 shares of the textile maker’s stock, valued at approximately $600,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s in the 3rd quarter worth approximately $28,000. Gladius Capital Management LP purchased a new position in Carter’s in the second quarter valued at approximately $30,000. CWM LLC grew its holdings in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the period. Finally, Venturi Wealth Management LLC increased its position in Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the last quarter.

Carter’s Stock Performance

NYSE:CRI opened at $54.57 on Monday. The business’s fifty day moving average is $59.15 and its 200 day moving average is $62.75. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 3.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.86%. Carter’s’s dividend payout ratio is currently 50.79%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped 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. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Carter’s has an average rating of “Hold” and a consensus price target of $67.67.

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.