LSV Asset Management Sells 88,601 Shares of Carter’s, Inc. $CRI

LSV Asset Management decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 973,865 shares of the textile maker’s stock after selling 88,601 shares during the quarter. LSV Asset Management’s holdings in Carter’s were worth $27,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CRI. Hantz Financial Services Inc. raised its position in shares of Carter’s by 1,208.1% in the third quarter. Hantz Financial Services Inc. now owns 1,295 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 1,196 shares during the period. Versant Capital Management Inc grew its stake in Carter’s by 135.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after buying an additional 814 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Carter’s by 202.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after buying an additional 995 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Carter’s in the 2nd quarter valued at about $110,000. Finally, Covestor Ltd lifted its position in Carter’s by 43.1% during the third quarter. Covestor Ltd now owns 4,216 shares of the textile maker’s stock worth $119,000 after acquiring an additional 1,269 shares during the last quarter.

Analyst Ratings Changes

CRI has been the subject of a number of research analyst reports. Barclays boosted their price objective on Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. UBS Group boosted their price target on Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Zacks Research raised Carter’s from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. Finally, Wells Fargo & Company boosted their target price on shares of Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $32.60.

Carter’s Trading Up 5.3%

Shares of NYSE:CRI opened at $40.15 on Friday. The business’s 50 day simple moving average is $34.66 and its 200 day simple moving average is $31.15. Carter’s, Inc. has a 1 year low of $23.38 and a 1 year high of $54.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 0.95. The company has a market capitalization of $1.46 billion, a P/E ratio of 16.25 and a beta of 1.06.

Carter’s Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.