Carter’s, Inc. (NYSE:CRI) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC increased its holdings in Carter’s, Inc. (NYSE:CRI) by 32.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 232,840 shares of the textile maker’s stock after buying an additional 57,346 shares during the period. Sound Income Strategies LLC’s holdings in Carter’s were worth $12,618,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 214 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Carter’s in the 3rd quarter worth approximately $28,000. Venturi Wealth Management LLC boosted its position in 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 purchasing an additional 500 shares during the period. Abich Financial Wealth Management LLC grew its stake in Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after buying an additional 346 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Carter’s in the third quarter worth $74,000.

Carter’s Stock Down 0.2 %

CRI stock opened at $54.66 on Friday. The firm’s 50-day moving average is $54.30 and its two-hundred day moving average is $59.83. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 8.68, a price-to-earnings-growth ratio of 3.55 and a beta of 1.22. Carter’s, Inc. has a 52 week low of $50.25 and a 52 week high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.85%. Carter’s’s payout ratio is 50.79%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRI. Wells Fargo & Company reduced their price target on shares of 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 price target on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.67.

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.