Vest Financial LLC Acquires 21,834 Shares of Carter's, Inc. (NYSE:CRI)

Vest Financial LLC grew its position in Carter's, Inc. (NYSE:CRI - Free Report) by 97.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,242 shares of the textile maker's stock after buying an additional 21,834 shares during the period. Vest Financial LLC owned approximately 0.12% of Carter's worth $2,397,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in 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 acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Carter's in the third quarter worth $28,000. Venturi Wealth Management LLC lifted its holdings in shares of Carter's by 221.2% during the third 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 in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Carter's during the third quarter valued at $74,000. Finally, KBC Group NV increased its holdings in Carter's by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock worth $96,000 after buying an additional 1,028 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped 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 shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. One investment 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, Carter's currently has an average rating of "Hold" and a consensus target price of $67.67.

Carter's Stock Performance

Carter's stock traded up $0.71 during trading on Tuesday, reaching $52.92. The company had a trading volume of 759,496 shares, compared to its average volume of 845,272. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm's 50-day simple moving average is $54.01 and its 200 day simple moving average is $59.05. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21. Carter's, Inc. has a 52 week low of $49.65 and a 52 week high of $88.03.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.05%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's dividend payout ratio is 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.