Nicola Wealth Management LTD. Buys 34,000 Shares of Carter's, Inc. (NYSE:CRI)

Nicola Wealth Management LTD. raised its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 91.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,100 shares of the textile maker's stock after purchasing an additional 34,000 shares during the quarter. Nicola Wealth Management LTD. owned 0.20% of Carter's worth $4,620,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted 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 buying an additional 214 shares during the period. Covestor Ltd grew 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 valued at $132,000 after purchasing an additional 270 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Carter's by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock worth $53,000 after purchasing an additional 346 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in shares of Carter's by 1.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock worth $1,890,000 after purchasing an additional 383 shares during the last quarter. Finally, nVerses Capital LLC boosted its position in Carter's by 20.0% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker's stock valued at $156,000 after purchasing an additional 400 shares during the period.

Analyst Ratings Changes

A number of analysts recently weighed in on CRI shares. Bank of America dropped their price objective on shares of Carter's from $65.00 to $54.00 and set an "underperform" rating on the stock in a report on Monday, July 29th. Wells Fargo & Company reduced their price objective on 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. Finally, 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 report on Tuesday. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, Carter's currently has an average rating of "Hold" and a consensus target price of $67.67.

Carter's Stock Down 0.8 %

Shares of CRI stock traded down $0.43 on Thursday, reaching $53.29. 1,227,317 shares of the company's stock traded hands, compared to its average volume of 976,092. The company has a market capitalization of $1.92 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. Carter's, Inc. has a 12-month low of $50.27 and a 12-month 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's 50 day moving average price is $62.63 and its two-hundred day moving average price is $64.02.

Carter's Profile

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.