Carter’s, Inc. (NYSE:CRI) Shares Bought by Kestra Investment Management LLC

Kestra Investment Management LLC boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 83.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,972 shares of the textile maker’s stock after acquiring an additional 7,734 shares during the quarter. Kestra Investment Management LLC’s holdings in Carter’s were worth $920,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRI. Venturi Wealth Management LLC grew its stake in shares of Carter’s by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after buying an additional 268 shares in the last quarter. Covestor Ltd grew its stake in shares of Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after buying an additional 270 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Carter’s by 1.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock valued at $1,890,000 after buying an additional 383 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Carter’s by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock valued at $1,147,000 after buying an additional 396 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in shares of Carter’s by 5.8% in the third quarter. Quadrature Capital Ltd now owns 7,619 shares of the textile maker’s stock valued at $495,000 after buying an additional 417 shares in the last quarter.

Analysts Set New Price Targets

CRI has been the subject of a number of research reports. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th. Wells Fargo & Company dropped their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Trading Down 2.0 %

NYSE:CRI opened at $51.83 on Wednesday. The firm has a market cap of $1.87 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21. The stock has a fifty day moving average price of $53.63 and a 200 day moving average price of $58.76. Carter’s, Inc. has a 12-month low of $49.65 and a 12-month high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.