Louisiana State Employees Retirement System Boosts Stock Holdings in Carter's, Inc. (NYSE:CRI)

Louisiana State Employees Retirement System boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 74.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,400 shares of the textile maker's stock after acquiring an additional 7,400 shares during the period. Louisiana State Employees Retirement System's holdings in Carter's were worth $943,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Covestor Ltd grew its stake in shares of Carter's by 15.3% in the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock worth $132,000 after buying an additional 270 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Carter's by 1.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock worth $1,890,000 after buying an additional 383 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Carter's by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock worth $1,147,000 after buying an additional 396 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of Carter's by 5.8% in the 3rd quarter. Quadrature Capital Ltd now owns 7,619 shares of the textile maker's stock worth $495,000 after buying an additional 417 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Carter's in the 3rd quarter worth $28,000.

Analyst Ratings Changes

CRI has been the subject of a number of recent research reports. Citigroup raised shares of 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. Wells Fargo & Company dropped their price objective 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 equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $67.67.

Carter's Trading Up 0.4 %

CRI traded up $0.23 on Friday, reaching $52.10. 1,024,659 shares of the company traded hands, compared to its average volume of 866,872. Carter's, Inc. has a one year low of $49.65 and a one year high of $88.03. The firm has a fifty day simple moving average of $53.44 and a two-hundred day simple moving average of $58.61. The company has a market cap of $1.88 billion, a P/E ratio of 8.27, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

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.