Carter’s, Inc. (NYSE:CRI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in Carter’s, Inc. (NYSE:CRI) by 258.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,450 shares of the textile maker’s stock after acquiring an additional 1,045 shares during the quarter. GAMMA Investing LLC’s holdings in Carter’s were worth $79,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRI. Los Angeles Capital Management LLC acquired a new position in Carter’s during the 2nd quarter worth $308,000. Quest Partners LLC grew its stake in Carter’s by 23.7% in the second quarter. Quest Partners LLC now owns 5,660 shares of the textile maker’s stock worth $351,000 after purchasing an additional 1,086 shares in the last quarter. American Century Companies Inc. increased its holdings in Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after buying an additional 170,960 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in Carter’s by 26.6% during the second quarter. HBK Sorce Advisory LLC now owns 25,856 shares of the textile maker’s stock valued at $1,602,000 after buying an additional 5,431 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in Carter’s by 39.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,061 shares of the textile maker’s stock worth $500,000 after buying an additional 2,264 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRI. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.67.

Carter’s Stock Up 1.5 %

Shares of Carter’s stock opened at $51.80 on Friday. Carter’s, Inc. has a twelve month low of $50.25 and a twelve month high of $88.03. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 3.28 and a beta of 1.22. 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 business’s 50 day simple moving average is $54.09 and its 200-day simple moving average is $60.32.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is 50.79%.

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.