Captrust Financial Advisors Buys Shares of 3,555 Carter’s, Inc. (NYSE:CRI)

Captrust Financial Advisors purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,555 shares of the textile maker’s stock, valued at approximately $231,000.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in Carter’s by 112.0% in 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 worth approximately $28,000. CWM LLC increased its position in Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares during the period. Venturi Wealth Management LLC increased its position in Carter’s by 221.2% in the 3rd 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 period. Finally, Abich Financial Wealth Management LLC increased its position in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 346 shares during the period.

Carter’s Stock Performance

CRI opened at $55.69 on Monday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 8.84, a PEG ratio of 3.28 and a beta of 1.23. The business has a 50 day moving average of $57.10 and a 200-day moving average of $61.91. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 12-month low of $50.27 and a 12-month high of $88.03.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.75%. Carter’s’s payout ratio is currently 50.79%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRI shares. Wells Fargo & Company lowered 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 Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.