9,238 Shares in Carter’s, Inc. (NYSE:CRI) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new position in Carter’s, Inc. (NYSE:CRI) in the third quarter, HoldingsChannel reports. The institutional investor purchased 9,238 shares of the textile maker’s stock, valued at approximately $600,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in 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 acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Carter’s during the third quarter worth about $28,000. Gladius Capital Management LP purchased a new position in shares of Carter’s in the 2nd quarter worth about $30,000. CWM LLC increased its position in shares of Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have commented on CRI. Wells Fargo & Company decreased 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 research note on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Trading Down 0.8 %

Shares of CRI opened at $54.57 on Monday. The stock has a market capitalization of $1.97 billion, a P/E ratio of 8.66, a PEG ratio of 3.28 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $50.27 and a twelve month high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $59.15 and a two-hundred day simple moving average of $62.75.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.86%. Carter’s’s dividend payout ratio is currently 50.79%.

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.