Kestra Investment Management LLC Increases Holdings in Carter’s, Inc. (NYSE:CRI)

Kestra Investment Management LLC grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 83.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,972 shares of the textile maker’s stock after buying an additional 7,734 shares during the period. Kestra Investment Management LLC’s holdings in Carter’s were worth $920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in Carter’s during the 3rd quarter worth about $28,000. Venturi Wealth Management LLC lifted its holdings in Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the last quarter. Truvestments Capital LLC purchased a new stake in Carter’s during the 3rd quarter worth about $74,000. GAMMA Investing LLC lifted its holdings in Carter’s by 258.0% during the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after buying an additional 1,045 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Carter’s by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 1,028 shares during the last quarter.

Analysts Set New Price Targets

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

Carter’s Stock Performance

Shares of CRI stock opened at $51.83 on Wednesday. The stock has a market capitalization of $1.87 billion, a PE ratio of 8.23, 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. The stock’s 50-day moving average price is $53.63 and its 200 day moving average price is $58.76. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

About Carter’s

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.