Nicola Wealth Management LTD. Purchases 34,000 Shares of Carter’s, Inc. (NYSE:CRI)

Nicola Wealth Management LTD. increased its position in Carter’s, Inc. (NYSE:CRI) by 91.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,100 shares of the textile maker’s stock after acquiring an additional 34,000 shares during the quarter. Nicola Wealth Management LTD. owned about 0.20% of Carter’s worth $4,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRI. O Shaughnessy Asset Management LLC increased its holdings in Carter’s by 173.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock valued at $1,456,000 after buying an additional 10,897 shares during the period. Price T Rowe Associates Inc. MD raised its position in Carter’s by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after purchasing an additional 11,265 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Carter’s by 86.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock worth $1,714,000 after purchasing an additional 9,295 shares during the period. SG Americas Securities LLC bought a new position in Carter’s during the second quarter worth about $671,000. Finally, Easterly Investment Partners LLC boosted its holdings in Carter’s by 25.2% during the second quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after purchasing an additional 5,484 shares in the last quarter.

Carter’s Trading Up 1.2 %

Shares of NYSE:CRI traded up $0.65 during trading on Thursday, hitting $54.36. 121,578 shares of the company’s stock were exchanged, compared to its average volume of 971,089. The firm has a 50-day moving average price of $62.91 and a two-hundred day moving average price of $64.10. Carter’s, Inc. has a 1-year low of $50.27 and a 1-year high of $88.03. The firm has a market cap of $1.96 billion, a P/E ratio of 8.53, a PEG ratio of 3.21 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Analysts Set New Price Targets

CRI has been the subject of several analyst reports. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday. Wells Fargo & Company cut 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. Finally, Bank of America decreased their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.67.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.