Amalgamated Bank Lowers Stake in Carter’s, Inc. (NYSE:CRI)

Amalgamated Bank cut its holdings in Carter’s, Inc. (NYSE:CRI) by 26.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,653 shares of the textile maker’s stock after selling 6,134 shares during the quarter. Amalgamated Bank’s holdings in Carter’s were worth $1,082,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CRI. Janney Montgomery Scott LLC acquired a new position in shares of Carter’s during the first quarter worth $278,000. Foundry Partners LLC acquired a new position in shares of Carter’s during the 1st quarter worth approximately $379,000. Kingsview Wealth Management LLC raised its holdings in shares of Carter’s by 34.6% during the first quarter. Kingsview Wealth Management LLC now owns 33,659 shares of the textile maker’s stock valued at $2,850,000 after acquiring an additional 8,654 shares during the last quarter. HBK Sorce Advisory LLC grew its holdings in shares of Carter’s by 4.4% during the first quarter. HBK Sorce Advisory LLC now owns 20,425 shares of the textile maker’s stock worth $1,730,000 after buying an additional 853 shares in the last quarter. Finally, Lindenwold Advisors INC purchased a new position in Carter’s in the 1st quarter worth approximately $359,000.

Carter’s Trading Up 2.5 %

NYSE:CRI opened at $53.72 on Thursday. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 3.21 and a beta of 1.24. Carter’s, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. The stock has a fifty day moving average price of $62.91 and a two-hundred day moving average price of $64.10. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRI shares. Bank of America cut their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.