Victory Capital Management Inc. increased its position in Carter’s, Inc. (NYSE:CRI) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,544,797 shares of the textile maker’s stock after purchasing an additional 358,393 shares during the quarter. Carter’s accounts for 0.5% of Victory Capital Management Inc.’s portfolio, making the stock its 21st largest position. Victory Capital Management Inc. owned 5.55% of Carter’s worth $207,706,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in CRI. First Hawaiian Bank bought a new position in Carter’s in the 3rd quarter worth about $122,000. Oakbrook Investments LLC boosted its stake in shares of Carter’s by 31.7% in the 3rd quarter. Oakbrook Investments LLC now owns 6,550 shares of the textile maker’s stock worth $646,000 after buying an additional 1,575 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Carter’s by 8.0% in the 3rd quarter. First Trust Advisors LP now owns 50,693 shares of the textile maker’s stock worth $4,998,000 after buying an additional 3,766 shares during the last quarter. Palo Capital Inc. boosted its stake in shares of Carter’s by 5.0% in the 3rd quarter. Palo Capital Inc. now owns 21,516 shares of the textile maker’s stock worth $2,121,000 after buying an additional 1,027 shares during the last quarter. Finally, Reinhart Partners Inc. boosted its stake in shares of Carter’s by 12.2% in the 3rd quarter. Reinhart Partners Inc. now owns 34,395 shares of the textile maker’s stock worth $3,391,000 after buying an additional 3,740 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
In other news, CEO Michael Dennis Casey sold 25,000 shares of Carter’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $89.07, for a total value of $2,226,750.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Pulver bought 1,000 shares of Carter’s stock in a transaction dated Thursday, December 6th. The stock was purchased at an average cost of $86.10 per share, for a total transaction of $86,100.00. Following the completion of the acquisition, the director now directly owns 65,517 shares of the company’s stock, valued at approximately $5,641,013.70. The disclosure for this purchase can be found here. 3.30% of the stock is owned by company insiders.
NYSE:CRI traded up $3.13 on Tuesday, reaching $88.15. 190,396 shares of the company’s stock traded hands, compared to its average volume of 603,868. The company has a quick ratio of 1.49, a current ratio of 3.67 and a debt-to-equity ratio of 0.98. The stock has a market cap of $3.84 billion, a PE ratio of 15.30, a P/E/G ratio of 1.58 and a beta of 0.60. Carter’s, Inc. has a 12 month low of $75.66 and a 12 month high of $124.08.
CRI has been the topic of several analyst reports. Citigroup lifted their target price on Carter’s from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Macquarie set a $100.00 target price on Carter’s and gave the company a “buy” rating in a research report on Friday, October 26th. Monness Crespi & Hardt lowered their target price on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, October 26th. TheStreet downgraded Carter’s from a “b” rating to a “c+” rating in a research report on Thursday, October 25th. Finally, ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $109.50.
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Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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