Impact Partnership Wealth LLC Has $276,000 Holdings in Carter’s, Inc. (NYSE:CRI)

Impact Partnership Wealth LLC boosted its stake in Carter’s, Inc. (NYSE:CRI) by 37.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,100 shares of the textile maker’s stock after buying an additional 1,393 shares during the period. Impact Partnership Wealth LLC’s holdings in Carter’s were worth $276,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its position in shares of Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Carter’s in the third quarter valued at approximately $28,000. Venturi Wealth Management LLC increased its position in Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares during the period. Truvestments Capital LLC bought a new position in Carter’s during the 3rd quarter worth approximately $74,000. Finally, Covestor Ltd lifted its position in shares of Carter’s by 15.3% in the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after purchasing an additional 270 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CRI shares. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.67.

Carter’s Price Performance

Shares of NYSE CRI opened at $54.11 on Friday. The firm has a market capitalization of $1.95 billion, a P/E ratio of 8.59, a P/E/G ratio of 3.55 and a beta of 1.22. The firm’s 50-day moving average price is $54.32 and its 200-day moving average price is $59.77. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 1-year low of $50.25 and a 1-year high of $88.03.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.91%. Carter’s’s payout ratio is currently 50.79%.

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.