Kestra Investment Management LLC Acquires 7,734 Shares of Carter's, Inc. (NYSE:CRI)

Kestra Investment Management LLC lifted its position in Carter's, Inc. (NYSE:CRI - Free Report) by 83.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,972 shares of the textile maker's stock after purchasing an additional 7,734 shares during the period. Kestra Investment Management LLC's holdings in Carter's were worth $920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Carter's in the third quarter worth approximately $28,000. Venturi Wealth Management LLC raised its stake in shares of Carter's by 221.2% during the third 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 last quarter. Truvestments Capital LLC bought a new position in shares of Carter's during the third quarter valued at about $74,000. GAMMA Investing LLC raised its stake in shares of Carter's by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock valued at $79,000 after acquiring an additional 1,045 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Carter's by 136.7% during the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock valued at $96,000 after acquiring an additional 1,028 shares during the last quarter.

Carter's Stock Up 0.4 %

Shares of NYSE CRI traded up $0.23 during mid-day trading on Friday, hitting $52.10. 1,024,659 shares of the stock traded hands, compared to its average volume of 866,872. 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 52 week low of $49.65 and a 52 week high of $88.03. The company has a market cap of $1.88 billion, a price-to-earnings 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 $53.51 and a 200-day moving average price of $58.66.

Wall Street Analyst Weigh In

CRI has been the topic of several research analyst reports. Citigroup raised Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on shares of Carter's from $72.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $67.67.

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.