Kestra Investment Management LLC Invests $600,000 in Carter's, Inc. (NYSE:CRI)

Kestra Investment Management LLC purchased a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,238 shares of the textile maker's stock, valued at approximately $600,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Carter's by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock valued at $26,000 after buying an additional 214 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Carter's during the third quarter valued at about $28,000. Gladius Capital Management LP purchased a new position in shares of Carter's in the 2nd quarter valued at approximately $30,000. CWM LLC raised its position in shares of Carter's by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker's stock valued at $37,000 after purchasing an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Carter's by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares during the last quarter.

Carter's Stock Performance

NYSE:CRI traded up $2.55 during midday trading on Monday, hitting $57.12. The company's stock had a trading volume of 373,322 shares, compared to its average volume of 974,528. Carter's, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The firm's 50 day moving average is $59.15 and its 200-day moving average is $62.71. 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 firm has a market cap of $2.06 billion, a P/E ratio of 8.66, a P/E/G ratio of 3.28 and a beta of 1.24.

Carter's Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.60%. Carter's's dividend payout ratio (DPR) is presently 50.79%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CRI shares. 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 report on Tuesday, November 12th. Wells Fargo & Company decreased 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 report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Carter's 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.