State of Alaska Department of Revenue Boosts Stake in Carter's, Inc. (NYSE:CRI)

State of Alaska Department of Revenue increased its position in Carter's, Inc. (NYSE:CRI - Free Report) by 387.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,482 shares of the textile maker's stock after buying an additional 16,284 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Carter's worth $1,109,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. boosted its holdings in Carter's by 155.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after buying an additional 1,732,857 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Carter's by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker's stock valued at $100,422,000 after purchasing an additional 60,089 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $76,144,000 after purchasing an additional 42,589 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Carter's by 70.4% during the 3rd quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker's stock valued at $19,537,000 after purchasing an additional 124,191 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of Carter's by 32.7% during the 4th quarter. Sound Income Strategies LLC now owns 232,840 shares of the textile maker's stock valued at $12,618,000 after purchasing an additional 57,346 shares during the last quarter.

Carter's Trading Up 2.6 %

Shares of NYSE:CRI traded up $1.34 during trading on Monday, reaching $53.06. The company's stock had a trading volume of 1,093,974 shares, compared to its average volume of 762,548. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 12 month low of $49.65 and a 12 month high of $88.03. The firm's 50 day simple moving average is $53.70 and its two-hundred day simple moving average is $58.80. The stock has a market capitalization of $1.91 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21.

Analyst Ratings Changes

Several research firms have commented on CRI. 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 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 objective for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.