Leeward Investments LLC MA Sells 4,395 Shares of Carter’s, Inc. (NYSE:CRI)

Leeward Investments LLC MA lowered its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 7.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,472 shares of the textile maker’s stock after selling 4,395 shares during the quarter. Leeward Investments LLC MA’s holdings in Carter’s were worth $3,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Creative Planning boosted its stake in Carter’s by 44.4% in the 3rd quarter. Creative Planning now owns 6,848 shares of the textile maker’s stock worth $445,000 after purchasing an additional 2,104 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Carter’s by 83.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,555 shares of the textile maker’s stock worth $166,000 after acquiring an additional 1,161 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Carter’s by 11.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,907 shares of the textile maker’s stock valued at $1,527,000 after acquiring an additional 2,288 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Carter’s during the third quarter valued at $329,000. Finally, Klein Pavlis & Peasley Financial Inc. increased its holdings in Carter’s by 13.8% in the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 16,854 shares of the textile maker’s stock valued at $1,095,000 after acquiring an additional 2,046 shares during the last quarter.

Carter’s Stock Performance

Carter’s stock opened at $52.10 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a twelve month low of $49.65 and a twelve month high of $88.03. The company’s 50-day moving average price is $53.44 and its 200-day moving average price is $58.57. The company has a market cap 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.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price target 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 six have issued a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $65.60.

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.