6,762 Shares in Carter’s, Inc. (NYSE:CRI) Purchased by Angeles Wealth Management LLC

Angeles Wealth Management LLC bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,762 shares of the textile maker’s stock, valued at approximately $366,000.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares in the last quarter. Covestor Ltd boosted its position in shares of Carter’s by 15.3% during the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after acquiring an additional 270 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in Carter’s by 1.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock valued at $1,890,000 after acquiring an additional 383 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Carter’s by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock valued at $1,147,000 after acquiring an additional 396 shares during the last quarter. Finally, nVerses Capital LLC lifted its stake in Carter’s by 20.0% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock worth $156,000 after purchasing an additional 400 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CRI shares. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut 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 given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Up 3.5 %

Shares of NYSE:CRI opened at $52.17 on Tuesday. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 3.27 and a beta of 1.21. Carter’s, Inc. has a 12 month low of $49.65 and a 12 month 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. The company has a 50-day moving average price of $54.01 and a 200 day moving average price of $59.05.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is 50.79%.

Carter’s Company Profile

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.