New York State Teachers Retirement System Purchases 1,444 Shares of Carter’s, Inc. (NYSE:CRI)

New York State Teachers Retirement System raised its position in Carter’s, Inc. (NYSE:CRI) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,245 shares of the textile maker’s stock after buying an additional 1,444 shares during the quarter. New York State Teachers Retirement System’s holdings in Carter’s were worth $2,018,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd grew its stake in shares of Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after acquiring an additional 270 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Carter’s by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after purchasing an additional 383 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Carter’s by 2.3% during the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 396 shares during the period. Quadrature Capital Ltd raised its position in shares of Carter’s by 5.8% in the third quarter. Quadrature Capital Ltd now owns 7,619 shares of the textile maker’s stock valued at $495,000 after buying an additional 417 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Carter’s in the third quarter valued at approximately $28,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.67.

Carter’s Stock Performance

NYSE:CRI opened at $52.10 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a fifty-two week low of $49.65 and a fifty-two week high of $88.03. The company has a 50 day simple moving average of $53.44 and a two-hundred day simple moving average of $58.59. 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.

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.