Angeles Wealth Management LLC Buys Shares of 6,762 Carter's, Inc. (NYSE:CRI)

Angeles Wealth Management LLC acquired a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,762 shares of the textile maker's stock, valued at approximately $366,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Carter's by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock valued at $26,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Carter's in the third quarter valued at about $28,000. Venturi Wealth Management LLC grew its position 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 valued at $47,000 after acquiring an additional 500 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Carter's during the 3rd quarter worth approximately $74,000. Finally, KBC Group NV raised its holdings in shares of Carter's by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock worth $96,000 after purchasing an additional 1,028 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRI. Citigroup raised Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price target on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on shares of 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. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $67.67.

Carter's Price Performance

CRI stock traded up $0.71 during mid-day trading on Tuesday, reaching $52.92. 759,496 shares of the company traded hands, compared to its average volume of 853,966. The company has a fifty day moving average price of $54.01 and a 200-day moving average price of $59.05. The company has a market capitalization of $1.91 billion, a P/E ratio of 8.40, a P/E/G ratio of 3.27 and a beta of 1.21. Carter's, Inc. has a 52-week low of $49.65 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's payout ratio is 50.79%.

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.