Impact Partnership Wealth LLC Has $276,000 Stock Position in Carter’s, Inc. (NYSE:CRI)

Impact Partnership Wealth LLC lifted its holdings in Carter’s, Inc. (NYSE:CRI) by 37.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,100 shares of the textile maker’s stock after acquiring an additional 1,393 shares during the period. Impact Partnership Wealth LLC’s holdings in Carter’s were worth $276,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CRI. GAMMA Investing LLC raised its position in shares of Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s during the 3rd quarter valued at $28,000. Venturi Wealth Management LLC grew its holdings in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Carter’s in the third quarter worth $74,000. Finally, Covestor Ltd lifted its position in Carter’s by 15.3% during the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after purchasing an additional 270 shares during the period.

Carter’s Stock Down 0.9 %

Shares of NYSE:CRI opened at $54.11 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 52-week low of $50.25 and a 52-week high of $88.03. The company has a market capitalization of $1.95 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 3.55 and a beta of 1.22. The company has a fifty day moving average of $54.32 and a 200-day moving average of $59.77.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is 50.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday, November 12th. Wells Fargo & Company lowered their price target 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 investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.