Legato Capital Management LLC Purchases 2,917 Shares of Carter’s, Inc. (NYSE:CRI)

Legato Capital Management LLC lifted its position in shares of Carter’s, Inc. (NYSE:CRI) by 12.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,285 shares of the textile maker’s stock after purchasing an additional 2,917 shares during the period. Legato Capital Management LLC owned about 0.08% of Carter’s worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Carter’s during the third quarter worth $28,000. Venturi Wealth Management LLC grew its stake in shares of Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Carter’s in the third quarter valued at $74,000. Finally, KBC Group NV raised its position in Carter’s by 136.7% during the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,028 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Carter’s Stock Down 2.2 %

Shares of Carter’s stock opened at $51.80 on Thursday. The stock’s 50-day moving average is $53.84 and its 200 day moving average is $58.97. Carter’s, Inc. has a one year low of $49.65 and a one year high of $88.03. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 3.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter’s Profile

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.