Carter’s, Inc. (NYSE:CRI) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 74.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,400 shares of the textile maker’s stock after acquiring an additional 7,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Carter’s were worth $943,000 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 the business. Pacer Advisors Inc. increased its stake in Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Carter’s by 4.0% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Carter’s by 3.8% in 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 in the last quarter. Verition Fund Management LLC grew its stake in shares of Carter’s by 70.4% in the third quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker’s stock valued at $19,537,000 after buying an additional 124,191 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in shares of Carter’s by 32.7% in the fourth quarter. Sound Income Strategies LLC now owns 232,840 shares of the textile maker’s stock valued at $12,618,000 after buying an additional 57,346 shares in the last quarter.

Carter’s Stock Up 2.6 %

Carter’s stock opened at $53.06 on Tuesday. Carter’s, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $88.03. 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 company has a market capitalization of $1.91 billion, a P/E ratio of 8.42, a PEG ratio of 3.27 and a beta of 1.21. The stock has a 50-day simple moving average of $53.70 and a 200-day simple moving average of $58.80.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. 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. 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. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $67.67.

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.