Alexander Randolph Advisory Inc. Acquires 9,530 Shares of Carter's, Inc. (NYSE:CRI)

Alexander Randolph Advisory Inc. raised its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 28.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,535 shares of the textile maker's stock after buying an additional 9,530 shares during the quarter. Carter's comprises about 2.5% of Alexander Randolph Advisory Inc.'s investment portfolio, making the stock its 14th biggest holding. Alexander Randolph Advisory Inc. owned about 0.12% of Carter's worth $2,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake 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 worth $26,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Carter's in the third quarter worth $28,000. Gladius Capital Management LP purchased a new position in shares of Carter's in the second quarter worth $30,000. CWM LLC raised its stake in shares of Carter's by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker's stock worth $37,000 after purchasing an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Carter's by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock worth $47,000 after purchasing an additional 500 shares during the last quarter.

Carter's Stock Performance

NYSE:CRI traded up $1.30 during mid-day trading on Wednesday, hitting $53.72. 1,270,211 shares of the company traded hands, compared to its average volume of 974,950. The stock's fifty day moving average price is $62.91 and its 200-day moving average price is $64.10. Carter's, Inc. has a one year low of $50.27 and a one year high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.96%. The ex-dividend date was Tuesday, August 27th. Carter's's dividend payout ratio is presently 50.79%.

Analysts Set New Price Targets

Several brokerages recently commented on CRI. 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. Bank of America cut their price objective on Carter's from $65.00 to $54.00 and set an "underperform" rating for the company in a report on Monday, July 29th. Finally, Wells Fargo & Company cut their price objective on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $67.67.

About Carter's

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.