Carter’s, Inc. (NYSE:CRI) Stock Holdings Raised by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. grew its stake in Carter’s, Inc. (NYSE:CRI) by 28.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,535 shares of the textile maker’s stock after purchasing an additional 9,530 shares during the quarter. Carter’s makes up approximately 2.5% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 14th biggest holding. Alexander Randolph Advisory Inc. owned about 0.12% of Carter’s worth $2,829,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRI. GAMMA Investing LLC increased 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 during the last quarter. Covestor Ltd increased its stake in Carter’s by 15.3% during the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 270 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 346 shares during the period. State of New Jersey Common Pension Fund D lifted its position in shares of Carter’s by 1.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after buying an additional 383 shares during the last quarter. Finally, nVerses Capital LLC boosted its holdings in shares of Carter’s by 20.0% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock valued at $156,000 after buying an additional 400 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective 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. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a report on Tuesday. Finally, Bank of America reduced their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Price Performance

Shares of CRI stock traded up $1.07 during trading hours on Wednesday, hitting $53.49. 120,402 shares of the company’s stock were exchanged, compared to its average volume of 969,724. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 3.23 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock’s 50-day moving average is $63.18 and its 200-day moving average is $64.17. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a $0.80 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.20 annualized dividend and a yield of 5.98%. Carter’s’s dividend payout ratio (DPR) 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.