Ieq Capital LLC Acquires 99,723 Shares of Carter’s, Inc. (NYSE:CRI)

Ieq Capital LLC lifted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 2,799.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 103,285 shares of the textile maker’s stock after buying an additional 99,723 shares during the quarter. Ieq Capital LLC’s holdings in Carter’s were worth $5,597,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CRI. Dynamic Technology Lab Private Ltd purchased a new position in shares of Carter’s in the third quarter valued at about $683,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Carter’s by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock valued at $9,913,000 after acquiring an additional 67,460 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Carter’s by 48.6% in the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock valued at $5,292,000 after acquiring an additional 26,650 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Carter’s by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after acquiring an additional 42,589 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after acquiring an additional 1,732,857 shares during the period.

Analyst Upgrades and Downgrades

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

Carter’s Trading Up 0.4 %

Shares of CRI opened at $52.10 on Friday. The firm’s 50-day moving average price is $53.44 and its 200-day moving average price is $58.61. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 3.37 and a beta of 1.21. 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 $49.65 and a 1-year high of $88.03.

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.