Carter’s, Inc. (NYSE:CRI) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of Carter’s, Inc. (NYSE:CRI) by 36.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 994 shares of the textile maker’s stock after buying an additional 268 shares during the quarter. Venturi Wealth Management LLC’s holdings in Carter’s were worth $54,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Covestor Ltd raised its position in shares of Carter’s by 15.3% during the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after buying an additional 270 shares during the period. State of New Jersey Common Pension Fund D raised 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 valued at $1,890,000 after buying an additional 383 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Carter’s by 2.3% during 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 buying an additional 396 shares during the period. Quadrature Capital Ltd raised its position in shares of Carter’s by 5.8% during the 3rd 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 during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Carter’s during the 3rd quarter valued at approximately $28,000.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of 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. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and six have assigned 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 $65.60.

Carter’s Stock Up 0.3 %

Shares of NYSE CRI opened at $52.19 on Tuesday. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 3.37 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 52-week low of $49.65 and a 52-week high of $88.03. The business’s 50 day moving average is $53.36 and its two-hundred day moving average is $58.50.

Carter’s 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.