Ieq Capital LLC Boosts Holdings in Carter’s, Inc. (NYSE:CRI)

Ieq Capital LLC boosted its position in Carter’s, Inc. (NYSE:CRI) by 2,799.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,285 shares of the textile maker’s stock after purchasing an additional 99,723 shares during the quarter. Ieq Capital LLC owned about 0.29% of Carter’s worth $5,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC lifted its stake in Carter’s by 83.7% in the 4th quarter. Kestra Investment Management LLC now owns 16,972 shares of the textile maker’s stock worth $920,000 after purchasing an additional 7,734 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Carter’s by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Carter’s in the 4th quarter worth approximately $245,000. Principal Financial Group Inc. lifted its stake in Carter’s by 109.0% in the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker’s stock worth $9,473,000 after purchasing an additional 91,162 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Carter’s by 4.0% during the 4th quarter. New York State Teachers Retirement System now owns 37,245 shares of the textile maker’s stock valued at $2,018,000 after buying an additional 1,444 shares in the last quarter.

Carter’s Price Performance

CRI stock opened at $52.10 on Friday. 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, Inc. has a 52 week low of $49.65 and a 52 week high of $88.03. The firm’s fifty day moving average is $53.44 and its 200 day moving average is $58.61. The firm has a market cap of $1.88 billion, a P/E ratio of 8.27, a P/E/G ratio of 3.37 and a beta of 1.21.

Wall Street Analysts Forecast Growth

CRI has been the topic of several research reports. Wells Fargo & Company lowered 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 report on Monday, October 28th. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, Carter’s currently has a consensus 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.