Klein Pavlis & Peasley Financial Inc. Boosts Holdings in Carter’s, Inc. (NYSE:CRI)

Klein Pavlis & Peasley Financial Inc. raised its stake in Carter’s, Inc. (NYSE:CRI) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,300 shares of the textile maker’s stock after acquiring an additional 1,446 shares during the quarter. Klein Pavlis & Peasley Financial Inc. owned approximately 0.05% of Carter’s worth $992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Carter’s by 112.0% in 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 last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s in the third quarter valued at $28,000. Venturi Wealth Management LLC lifted its position 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 valued at $47,000 after buying an additional 500 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Carter’s during the 3rd quarter worth $74,000. Finally, KBC Group NV increased its holdings in Carter’s by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after acquiring an additional 1,028 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRI. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Trading Down 1.0 %

NYSE:CRI opened at $50.71 on Thursday. The firm has a market capitalization of $1.83 billion, a P/E ratio of 8.05, a P/E/G ratio of 3.50 and a beta of 1.21. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average of $54.28 and a 200 day moving average of $59.26. Carter’s, Inc. has a 52 week low of $50.11 and a 52 week high of $88.03.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 6.31%. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.