Carter’s, Inc. (NYSE:CRI) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its stake in shares of Carter’s, Inc. (NYSE:CRI) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 232,840 shares of the textile maker’s stock after acquiring an additional 57,346 shares during the period. Sound Income Strategies LLC owned 0.65% of Carter’s worth $12,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Carter’s by 1.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 97,122 shares of the textile maker’s stock valued at $6,019,000 after acquiring an additional 1,695 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after buying an additional 112,947 shares during the period. Hsbc Holdings PLC increased its stake in shares of Carter’s by 28.3% during the 2nd quarter. Hsbc Holdings PLC now owns 6,619 shares of the textile maker’s stock valued at $410,000 after acquiring an additional 1,458 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Carter’s by 19,200.0% in the second quarter. Canada Pension Plan Investment Board now owns 19,300 shares of the textile maker’s stock worth $1,196,000 after acquiring an additional 19,200 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Carter’s by 387.0% during the second quarter. Squarepoint Ops LLC now owns 59,706 shares of the textile maker’s stock worth $3,700,000 after purchasing an additional 80,506 shares during the last quarter.

Carter’s Stock Performance

Shares of CRI stock opened at $54.66 on Friday. The company’s fifty day moving average price is $54.30 and its two-hundred day moving average price is $59.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market capitalization of $1.97 billion, a P/E ratio of 8.68, a P/E/G ratio of 3.55 and a beta of 1.22. Carter’s, Inc. has a 12 month low of $50.25 and a 12 month high of $88.03.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CRI shares. 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. Wells Fargo & Company decreased their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average price target of $67.67.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.