Amalgamated Bank Decreases Holdings in Carter’s, Inc. (NYSE:CRI)

Amalgamated Bank lowered its position in Carter’s, Inc. (NYSE:CRI) by 26.9% during the third quarter, HoldingsChannel.com reports. The fund owned 16,653 shares of the textile maker’s stock after selling 6,134 shares during the quarter. Amalgamated Bank’s holdings in Carter’s were worth $1,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CRI. O Shaughnessy Asset Management LLC grew its holdings in Carter’s by 173.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock valued at $1,456,000 after purchasing an additional 10,897 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Carter’s by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock valued at $3,619,000 after acquiring an additional 11,265 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Carter’s by 86.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock valued at $1,714,000 after acquiring an additional 9,295 shares in the last quarter. SG Americas Securities LLC acquired a new position in Carter’s during the second quarter worth about $671,000. Finally, Easterly Investment Partners LLC grew its position in shares of Carter’s by 25.2% in the second quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after purchasing an additional 5,484 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRI. Bank of America cut their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday. Finally, Wells Fargo & Company dropped 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. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 2.5 %

Shares of CRI opened at $53.72 on Thursday. Carter’s, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The company has a market capitalization of $1.94 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. The stock has a fifty day moving average of $62.91 and a two-hundred day moving average of $64.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Company 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.