Allianz Asset Management GmbH Grows Stock Position in Carter’s, Inc. (NYSE:CRI)

Allianz Asset Management GmbH increased its stake in Carter’s, Inc. (NYSE:CRI) by 40.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 591,246 shares of the textile maker’s stock after acquiring an additional 170,528 shares during the period. Allianz Asset Management GmbH’s holdings in Carter’s were worth $32,040,000 at the end of the most recent quarter.

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

Carter’s Stock Performance

Carter’s stock opened at $52.10 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a market capitalization of $1.88 billion, a PE ratio of 8.27, a P/E/G ratio of 3.37 and a beta of 1.21. The company has a 50 day moving average price of $53.44 and a 200-day moving average price of $58.57. Carter’s, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $88.03.

Wall Street Analysts Forecast Growth

Several equities 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 target on the stock in a report on Tuesday, November 12th. Wells Fargo & Company reduced their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and an average price target of $65.60.

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.