Empowered Funds LLC Sells 105,368 Shares of Carter’s, Inc. (NYSE:CRI)

Empowered Funds LLC trimmed its stake in Carter’s, Inc. (NYSE:CRI) by 86.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,863 shares of the textile maker’s stock after selling 105,368 shares during the quarter. Empowered Funds LLC’s holdings in Carter’s were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRI. Capital Performance Advisors LLP bought a new position in Carter’s during the third quarter valued at $28,000. Venturi Wealth Management LLC grew 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. Truvestments Capital LLC purchased a new stake in Carter’s in the 3rd quarter worth about $74,000. GAMMA Investing LLC raised its stake in Carter’s by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 1,045 shares during the period. Finally, KBC Group NV lifted its holdings in Carter’s by 136.7% during the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 1,028 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRI. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. Wells Fargo & Company cut their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and a consensus target price of $67.67.

Carter’s Price Performance

NYSE:CRI opened at $53.06 on Tuesday. Carter’s, Inc. has a 52-week low of $49.65 and a 52-week high of $88.03. The stock has a fifty day moving average of $53.70 and a 200 day moving average of $58.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 3.27 and a beta of 1.21.

About Carter’s

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.