Empowered Funds LLC lessened its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,863 shares of the textile maker's stock after selling 105,368 shares during the quarter. Empowered Funds LLC's holdings in Carter's were worth $914,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Carter's during the third quarter worth $683,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Carter's by 79.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock worth $9,913,000 after buying an additional 67,460 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Carter's by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock worth $5,292,000 after buying an additional 26,650 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Carter's by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock worth $76,144,000 after buying an additional 42,589 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Carter's by 155.0% during the fourth 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 last quarter.
Carter's Trading Up 0.4 %
Shares of Carter's stock traded up $0.23 during trading on Friday, hitting $52.10. The company's stock had a trading volume of 1,024,659 shares, compared to its average volume of 866,872. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 8.27, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The stock has a 50-day moving average price of $53.44 and a two-hundred day moving average price of $58.61. Carter's, Inc. has a 52 week low of $49.65 and a 52 week high of $88.03.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Citigroup raised shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price objective 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 note on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $67.67.
Read Our Latest Stock Report on CRI
Carter's Company Profile
(
Free Report)
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.
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