Carter’s, Inc. $CRI Shares Sold by AXQ Capital LP

AXQ Capital LP lessened its holdings in Carter’s, Inc. (NYSE:CRI) by 50.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,155 shares of the textile maker’s stock after selling 12,397 shares during the quarter. AXQ Capital LP’s holdings in Carter’s were worth $343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in shares of Carter’s by 34.4% in the 3rd quarter. GSA Capital Partners LLP now owns 28,382 shares of the textile maker’s stock valued at $801,000 after acquiring an additional 7,264 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Carter’s by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,226,804 shares of the textile maker’s stock valued at $119,280,000 after purchasing an additional 46,560 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Carter’s by 97.9% in the third quarter. PNC Financial Services Group Inc. now owns 3,681 shares of the textile maker’s stock valued at $104,000 after purchasing an additional 1,821 shares in the last quarter. Public Sector Pension Investment Board increased its stake in Carter’s by 14.3% in the third quarter. Public Sector Pension Investment Board now owns 142,115 shares of the textile maker’s stock valued at $4,010,000 after purchasing an additional 17,832 shares during the last quarter. Finally, Caprock Group LLC acquired a new stake in Carter’s during the third quarter worth approximately $3,207,000.

Analyst Ratings Changes

CRI has been the subject of several recent analyst reports. Weiss Ratings upgraded shares of Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, February 19th. The Goldman Sachs Group boosted their price target on shares of Carter’s from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Tuesday, January 13th. UBS Group upped their price objective on shares of Carter’s from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded Carter’s from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Citigroup raised Carter’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $34.00 to $50.00 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.00.

Carter’s Stock Down 0.9%

Carter’s stock opened at $41.99 on Thursday. The stock has a 50 day moving average of $36.19 and a two-hundred day moving average of $32.14. Carter’s, Inc. has a twelve month low of $23.38 and a twelve month high of $44.99. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 17.00 and a beta of 1.06. The company has a current ratio of 2.26, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58.

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.