Angeles Wealth Management LLC Takes Position in Carter’s, Inc. (NYSE:CRI)

Angeles Wealth Management LLC acquired a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,762 shares of the textile maker’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its holdings in shares of Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares during the period. Capital Performance Advisors LLP purchased a new stake in Carter’s during the third quarter valued at $28,000. Venturi Wealth Management LLC lifted its holdings in Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the period. Truvestments Capital LLC purchased a new position in Carter’s in the third quarter worth about $74,000. Finally, KBC Group NV grew its stake in shares of Carter’s by 136.7% during the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock valued at $96,000 after purchasing an additional 1,028 shares during the period.

Carter’s Trading Up 3.5 %

Carter’s stock opened at $52.17 on Tuesday. Carter’s, Inc. has a 12-month low of $49.65 and a 12-month high of $88.03. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 3.27 and a beta of 1.21. The firm has a 50 day moving average of $54.01 and a 200 day moving average of $59.05. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.13%. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Citigroup upgraded shares of 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 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. One investment 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.com, the stock presently has an average rating of “Hold” and an average price target of $67.67.

About Carter’s

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.