Oak Thistle LLC Makes New Investment in Carter’s, Inc. (NYSE:CRI)

Oak Thistle LLC acquired a new stake in Carter’s, Inc. (NYSE:CRI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,571 shares of the textile maker’s stock, valued at approximately $410,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in Carter’s by 4.0% during the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after buying an additional 60,089 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after acquiring an additional 371,681 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Carter’s by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after acquiring an additional 42,589 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Carter’s by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after purchasing an additional 112,947 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after purchasing an additional 186,894 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CRI shares. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $67.67.

Carter’s Price Performance

CRI stock opened at $53.81 on Friday. The company has a market capitalization of $1.94 billion, a PE ratio of 8.54, a P/E/G ratio of 3.36 and a beta of 1.22. 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 stock’s 50 day moving average is $54.09 and its two-hundred day moving average is $60.13. Carter’s, Inc. has a 52-week low of $50.25 and a 52-week high of $88.03.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.95%. Carter’s’s dividend payout ratio is presently 50.79%.

About Carter’s

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.