Carter’s, Inc. (NYSE:CRI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Carter’s, Inc. (NYSE:CRI) by 258.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,450 shares of the textile maker’s stock after acquiring an additional 1,045 shares during the quarter. GAMMA Investing LLC’s holdings in Carter’s were worth $79,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. RWWM Inc. acquired a new position in Carter’s during the second quarter worth approximately $23,675,000. Pacer Advisors Inc. grew its stake in shares of Carter’s by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after buying an additional 371,681 shares during the period. AQR Capital Management LLC raised its position in shares of Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after buying an additional 186,894 shares during the period. American Century Companies Inc. raised its position in shares of Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after buying an additional 170,960 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Carter’s in the second quarter valued at $9,760,000.

Analysts Set New Price Targets

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

Carter’s Stock Performance

Shares of NYSE:CRI opened at $51.80 on Friday. The business’s 50-day simple moving average is $54.09 and its 200 day simple moving average is $60.32. The company has a market cap of $1.87 billion, a P/E ratio of 8.22, a PEG ratio of 3.28 and a beta of 1.22. 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 one year low of $50.25 and a one year high of $88.03.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.18%. Carter’s’s dividend payout ratio is currently 50.79%.

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.