Venturi Wealth Management LLC Buys 500 Shares of Carter’s, Inc. (NYSE:CRI)

Venturi Wealth Management LLC raised its stake in Carter’s, Inc. (NYSE:CRI) by 221.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 726 shares of the textile maker’s stock after acquiring an additional 500 shares during the period. Venturi Wealth Management LLC’s holdings in Carter’s were worth $47,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Carter’s during the third quarter worth about $28,000. Gladius Capital Management LP bought a new position in shares of Carter’s in the second quarter valued at approximately $30,000. CWM LLC raised its stake in shares of Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 483 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares during the last quarter.

Wall Street Analyst Weigh In

CRI has been the subject of several research analyst reports. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Tuesday. 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. Finally, Bank of America lowered their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.67.

Carter’s Stock Performance

Shares of NYSE:CRI opened at $52.80 on Friday. 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, Inc. has a 1-year low of $50.27 and a 1-year high of $88.03. The stock has a market capitalization of $1.90 billion, a P/E ratio of 8.38, a P/E/G ratio of 3.29 and a beta of 1.24. The business has a 50-day moving average price of $62.33 and a two-hundred day moving average price of $63.90.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.06%. Carter’s’s dividend payout ratio is currently 50.79%.

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.