LSV Asset Management Sells 88,601 Shares of Carter’s, Inc. $CRI

LSV Asset Management trimmed its position in Carter’s, Inc. (NYSE:CRI) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 973,865 shares of the textile maker’s stock after selling 88,601 shares during the period. LSV Asset Management owned approximately 2.67% of Carter’s worth $27,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CRI. Amalgamated Bank raised its position in Carter’s by 3.5% in the 3rd quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock valued at $304,000 after buying an additional 360 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Carter’s by 8.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,356 shares of the textile maker’s stock worth $282,000 after acquiring an additional 732 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Carter’s by 4.7% in the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after purchasing an additional 734 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Carter’s by 135.4% in the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 814 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in shares of Carter’s by 11.3% in the third quarter. Exchange Traded Concepts LLC now owns 8,826 shares of the textile maker’s stock worth $249,000 after purchasing an additional 897 shares in the last quarter.

Carter’s Stock Up 5.3%

Shares of CRI stock opened at $40.15 on Friday. Carter’s, Inc. has a 52-week low of $23.38 and a 52-week high of $54.58. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 16.25 and a beta of 1.06. The firm’s 50-day moving average is $34.66 and its 200-day moving average is $31.15. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 2.26.

Analysts Set New Price Targets

CRI has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research note on Friday, January 9th. Wall Street Zen upgraded Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Barclays upped their target price on Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Finally, Zacks Research raised Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carter’s has an average rating of “Reduce” and a consensus price target of $32.60.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.