Caprock Group LLC Acquires New Position in Carter’s, Inc. $CRI

Caprock Group LLC bought a new position in Carter’s, Inc. (NYSE:CRI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 111,260 shares of the textile maker’s stock, valued at approximately $3,207,000. Caprock Group LLC owned about 0.31% of Carter’s as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CRI. RWWM Inc. raised its position in shares of Carter’s by 86.1% during the 2nd quarter. RWWM Inc. now owns 4,075,791 shares of the textile maker’s stock worth $122,804,000 after purchasing an additional 1,885,309 shares during the period. AQR Capital Management LLC increased its position in Carter’s by 113.7% in the second quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock worth $77,267,000 after buying an additional 1,364,698 shares during the period. Allianz Asset Management GmbH increased its position in Carter’s by 43.7% in the third quarter. Allianz Asset Management GmbH now owns 1,201,996 shares of the textile maker’s stock worth $33,920,000 after buying an additional 365,501 shares during the period. Quantinno Capital Management LP lifted its stake in Carter’s by 1,679.7% in the second quarter. Quantinno Capital Management LP now owns 370,791 shares of the textile maker’s stock valued at $11,172,000 after buying an additional 349,957 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Carter’s by 45.1% during the second quarter. Geode Capital Management LLC now owns 856,237 shares of the textile maker’s stock valued at $25,802,000 after acquiring an additional 266,336 shares during the period.

Wall Street Analyst Weigh In

CRI has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Carter’s from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Tuesday, January 13th. Wells Fargo & Company raised their price target on shares of Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. Barclays boosted their price objective on Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. UBS Group raised their target price on Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research note on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Carter’s presently has an average rating of “Reduce” and a consensus price target of $32.60.

Carter’s Price Performance

NYSE:CRI opened at $38.12 on Friday. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $34.49 and its 200 day moving average price is $31.06. Carter’s, Inc. has a 52-week low of $23.38 and a 52-week high of $54.58. The firm has a market cap of $1.39 billion, a P/E ratio of 15.43 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.