Caprock Group LLC Purchases 8,645 Shares of Carter's, Inc. (NYSE:CRI)

Caprock Group LLC lifted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 105.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,867 shares of the textile maker's stock after purchasing an additional 8,645 shares during the quarter. Caprock Group LLC's holdings in Carter's were worth $914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Algert Global LLC purchased a new stake in Carter's in the 2nd quarter worth approximately $227,000. Creative Planning bought a new stake in Carter's during the second quarter valued at $294,000. Sanctuary Advisors LLC purchased a new position in Carter's during the second quarter worth about $231,000. Handelsbanken Fonder AB increased its stake in Carter's by 91.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,530 shares of the textile maker's stock worth $749,000 after acquiring an additional 5,500 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Carter's by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock valued at $26,000 after acquiring an additional 214 shares in the last quarter.

Analysts Set New Price Targets

CRI has been the subject of several recent analyst reports. Citigroup raised 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. Wells Fargo & Company decreased their price target 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. One investment 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 currently has an average rating of "Hold" and an average target price of $67.67.

Carter's Price Performance

CRI traded down $0.12 during midday trading on Friday, hitting $50.33. The stock had a trading volume of 963,179 shares, compared to its average volume of 840,995. Carter's, Inc. has a 1 year low of $49.67 and a 1 year high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business has a fifty day moving average of $54.10 and a 200 day moving average of $59.12. The company has a market cap of $1.81 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 3.50 and a beta of 1.21.

Carter's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 6.36%. The ex-dividend date was Monday, November 25th. Carter's's dividend payout ratio is currently 50.79%.

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.