Allspring Global Investments Holdings LLC Acquires 1,594 Shares of Carter’s, Inc. (NYSE:CRI)

Allspring Global Investments Holdings LLC lifted its position in Carter’s, Inc. (NYSE:CRI) by 62.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,149 shares of the textile maker’s stock after acquiring an additional 1,594 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Carter’s were worth $223,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CRI. Pacer Advisors Inc. increased its position in shares of Carter’s by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after purchasing an additional 1,732,857 shares during the last quarter. Wellington Management Group LLP grew its position in Carter’s by 4.0% during the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after buying an additional 60,089 shares during the period. Charles Schwab Investment Management Inc. grew its position in Carter’s by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after buying an additional 42,589 shares during the period. Verition Fund Management LLC increased its holdings in Carter’s by 70.4% during the third quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker’s stock worth $19,537,000 after buying an additional 124,191 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in Carter’s by 32.7% in the fourth quarter. Sound Income Strategies LLC now owns 232,840 shares of the textile maker’s stock worth $12,618,000 after acquiring an additional 57,346 shares during the period.

Carter’s Price Performance

NYSE CRI opened at $43.77 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.58 billion, a PE ratio of 6.95, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. Carter’s, Inc. has a 52 week low of $42.55 and a 52 week high of $88.03. The firm’s 50-day simple moving average is $53.10 and its two-hundred day simple moving average is $58.37.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. During the same period in the prior year, the company posted $2.76 EPS. Carter’s’s revenue was up .2% compared to the same quarter last year. Research analysts predict that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Citigroup raised 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 report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $65.60.

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.