Pallas Capital Advisors LLC Increases Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Pallas Capital Advisors LLC boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 66.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,182 shares of the textile maker’s stock after buying an additional 2,074 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Carter’s were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRI. Oppenheimer Asset Management Inc. raised its stake in Carter’s by 39.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,061 shares of the textile maker’s stock valued at $500,000 after buying an additional 2,264 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Carter’s by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 97,122 shares of the textile maker’s stock worth $6,019,000 after purchasing an additional 1,695 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Carter’s by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after purchasing an additional 112,947 shares during the last quarter. Hsbc Holdings PLC increased its stake in Carter’s by 28.3% during the 2nd quarter. Hsbc Holdings PLC now owns 6,619 shares of the textile maker’s stock valued at $410,000 after purchasing an additional 1,458 shares in the last quarter. Finally, Seven Eight Capital LP raised its holdings in shares of Carter’s by 55.0% in the second quarter. Seven Eight Capital LP now owns 14,390 shares of the textile maker’s stock worth $892,000 after buying an additional 5,107 shares during the last quarter.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRI. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their price target on 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 assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Price Performance

NYSE:CRI opened at $53.82 on Thursday. The firm’s fifty day moving average is $54.07 and its two-hundred day moving average is $60.17. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 8.54, a PEG ratio of 3.35 and a beta of 1.23. Carter’s, Inc. has a one year low of $50.25 and a one year 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.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Carter’s 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.