Alexander Randolph Advisory Inc. Has $2.32 Million Stake in Carter’s, Inc. (NYSE:CRI)

Alexander Randolph Advisory Inc. reduced its stake in Carter’s, Inc. (NYSE:CRI) by 1.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 42,870 shares of the textile maker’s stock after selling 665 shares during the quarter. Carter’s accounts for approximately 2.2% of Alexander Randolph Advisory Inc.’s portfolio, making the stock its 14th biggest position. Alexander Randolph Advisory Inc.’s holdings in Carter’s were worth $2,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CRI. Capital Performance Advisors LLP purchased a new stake in Carter’s in the 3rd quarter valued at $28,000. Venturi Wealth Management LLC raised its position in Carter’s by 221.2% in 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 purchased a new stake in Carter’s in the 3rd quarter valued at $74,000. GAMMA Investing LLC raised its position in Carter’s by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after buying an additional 1,045 shares during the last quarter. Finally, KBC Group NV raised its position in Carter’s by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock valued at $96,000 after buying an additional 1,028 shares during the last quarter.

Carter’s Stock Up 0.4 %

Shares of NYSE:CRI opened at $52.10 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. 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 business has a fifty day moving average price of $53.44 and a two-hundred day moving average price of $58.59. Carter’s, Inc. has a 1 year low of $49.65 and a 1 year high of $88.03.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $67.67.

About Carter’s

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.