Vest Financial LLC Acquires 21,834 Shares of Carter’s, Inc. (NYSE:CRI)

Vest Financial LLC raised its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 97.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 44,242 shares of the textile maker’s stock after acquiring an additional 21,834 shares during the period. Vest Financial LLC owned approximately 0.12% of Carter’s worth $2,397,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 214 shares during the last quarter. Covestor Ltd boosted its stake in Carter’s by 15.3% during the 3rd 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 holdings 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 purchasing an additional 383 shares during the period. Public Employees Retirement System of Ohio increased its stake in Carter’s by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock valued at $1,147,000 after purchasing an additional 396 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in shares of Carter’s by 20.0% during the third 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.

Carter’s Stock Down 0.2 %

Carter’s stock opened at $50.33 on Friday. The company has a fifty day simple moving average of $54.10 and a 200 day simple moving average of $59.11. 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, Inc. has a 1-year low of $49.67 and a 1-year high of $88.03. The company has a market cap of $1.81 billion, a P/E ratio of 7.99, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21.

Carter’s Announces Dividend

The business 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 was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.36%. Carter’s’s payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

CRI has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have given 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 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.