Pacer Advisors Inc. Buys 1,732,857 Shares of Carter’s, Inc. (NYSE:CRI)

Pacer Advisors Inc. grew its stake in shares of Carter’s, Inc. (NYSE:CRI) by 155.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,851,079 shares of the textile maker’s stock after acquiring an additional 1,732,857 shares during the quarter. Pacer Advisors Inc. owned about 7.91% of Carter’s worth $154,500,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. KBC Group NV lifted its position in Carter’s by 136.7% during the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,028 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of Carter’s by 37.6% during the 4th quarter. Impact Partnership Wealth LLC now owns 5,100 shares of the textile maker’s stock worth $276,000 after acquiring an additional 1,393 shares during the period. Sound Income Strategies LLC boosted its position in shares of Carter’s by 32.7% during the 4th quarter. Sound Income Strategies LLC now owns 232,840 shares of the textile maker’s stock worth $12,618,000 after acquiring an additional 57,346 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Carter’s in the fourth quarter valued at approximately $322,000. Finally, Merit Financial Group LLC acquired a new position in Carter’s during the fourth quarter valued at approximately $291,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRI shares. Wells Fargo & Company reduced their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Citigroup raised 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.67.

Carter’s Trading Down 0.9 %

NYSE CRI opened at $54.11 on Monday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 8.59, a price-to-earnings-growth ratio of 3.55 and a beta of 1.22. Carter’s, Inc. has a twelve month low of $50.25 and a twelve month high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average is $54.32 and its 200 day moving average is $59.76.

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 issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.91%. The ex-dividend date was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

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.