Pathstone Holdings LLC Purchases 1,474 Shares of Carter’s, Inc. (NYSE:CRI)

Pathstone Holdings LLC grew its position in Carter’s, Inc. (NYSE:CRI) by 6.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,748 shares of the textile maker’s stock after purchasing an additional 1,474 shares during the period. Pathstone Holdings LLC owned approximately 0.07% of Carter’s worth $1,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. 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 valued at $26,000 after acquiring 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 worth approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of Carter’s in the 2nd quarter valued at approximately $30,000. CWM LLC grew 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 buying an additional 483 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake 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 during the last quarter.

Carter’s Stock Performance

NYSE CRI opened at $55.01 on Thursday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 8.73, a PEG ratio of 3.32 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $50.27 and a twelve month high of $88.03. The stock has a fifty day simple moving average of $59.98 and a 200 day simple moving average of $63.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.82%. Carter’s’s payout ratio is 50.79%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRI. Wells Fargo & Company lowered 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 report on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Company Profile

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.