Yousif Capital Management LLC Increases Stake in Carter’s, Inc. (NYSE:CRI)

Yousif Capital Management LLC raised its stake in Carter’s, Inc. (NYSE:CRI) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 14,888 shares of the textile maker’s stock after acquiring an additional 601 shares during the period. Yousif Capital Management LLC’s holdings in Carter’s were worth $807,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CRI. GAMMA Investing LLC lifted 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 worth $26,000 after acquiring an additional 214 shares during the period. Capital Performance Advisors LLP bought a new stake in Carter’s during the 3rd quarter valued at about $28,000. Venturi Wealth Management LLC boosted its stake 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 position in Carter’s in the 3rd quarter worth about $74,000. Finally, KBC Group NV boosted its holdings in Carter’s by 136.7% in the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,028 shares during the last quarter.

Carter’s Trading Up 2.6 %

CRI stock opened at $53.06 on Friday. The firm’s fifty day simple moving average is $53.72 and its two-hundred day simple moving average is $58.85. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 8.42, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a twelve month low of $49.65 and a twelve month high of $88.03.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRI. Wells Fargo & Company lowered their price objective on shares of 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. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.