Venturi Wealth Management LLC Has $47,000 Stake in Carter’s, Inc. (NYSE:CRI)

Venturi Wealth Management LLC raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 221.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 726 shares of the textile maker’s stock after purchasing an additional 500 shares during the quarter. Venturi Wealth Management LLC’s holdings in Carter’s were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CRI. GAMMA Investing LLC grew its holdings in Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Carter’s in the 3rd quarter valued at $28,000. Gladius Capital Management LP bought a new stake in shares of Carter’s in the 2nd quarter valued at $30,000. CWM LLC raised its stake in Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in Carter’s by 67.6% during the second 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 in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CRI shares. Citigroup upgraded 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. Bank of America lowered their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Finally, Wells Fargo & Company cut 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 note 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Trading Down 0.9 %

NYSE CRI opened at $52.80 on Friday. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The stock’s 50 day moving average price is $62.33 and its two-hundred day moving average price is $63.90. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 3.29 and a beta of 1.24.

Carter’s Announces Dividend

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