Carter’s, Inc. (NYSE:CRI) Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its position in Carter’s, Inc. (NYSE:CRI) by 40.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,652 shares of the textile maker’s stock after selling 1,107 shares during the quarter. Blue Trust Inc.’s holdings in Carter’s were worth $90,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Carter’s in the 3rd quarter valued at $683,000. Hotchkis & Wiley Capital Management LLC grew its position in Carter’s by 79.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock worth $9,913,000 after purchasing an additional 67,460 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in Carter’s by 48.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock worth $5,292,000 after purchasing an additional 26,650 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Carter’s by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after purchasing an additional 42,589 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Carter’s by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after purchasing an additional 1,732,857 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Citigroup raised 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 analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Price Performance

Shares of CRI opened at $52.10 on Friday. Carter’s, Inc. has a 12 month low of $49.65 and a 12 month high of $88.03. The company has a market cap of $1.88 billion, a P/E ratio of 8.27, a PEG ratio of 3.37 and a beta of 1.21. The stock has a fifty day moving average price of $53.44 and a 200 day moving average price of $58.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

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.