5,369 Shares in Carter's, Inc. (NYSE:CRI) Purchased by Merit Financial Group LLC

Merit Financial Group LLC acquired a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,369 shares of the textile maker's stock, valued at approximately $291,000.

Other hedge funds and other institutional investors have also recently modified their holdings of 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 acquired a new stake in Carter's during the 3rd quarter valued at approximately $28,000. Venturi Wealth Management LLC boosted its holdings 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 acquiring an additional 500 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Carter's in the third quarter worth $74,000. Finally, Covestor Ltd raised its holdings in shares of Carter's by 15.3% during the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock worth $132,000 after purchasing an additional 270 shares during the last quarter.

Analyst Ratings Changes

CRI has been the topic of several recent research reports. Wells Fargo & Company lowered 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. Citigroup upgraded Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.67.

Carter's Price Performance

NYSE CRI traded down $0.51 during trading hours on Friday, reaching $54.11. The company's stock had a trading volume of 464,097 shares, compared to its average volume of 808,426. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter's, Inc. has a 1-year low of $50.25 and a 1-year high of $88.03. The company's 50-day moving average is $54.32 and its two-hundred day moving average is $59.76. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 3.55 and a beta of 1.22.

Carter's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.91%. Carter's's dividend payout ratio is currently 50.79%.

Carter's Profile

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.