Alexander Randolph Advisory Inc. Sells 665 Shares of Carter’s, Inc. (NYSE:CRI)

Alexander Randolph Advisory Inc. cut its stake in Carter’s, Inc. (NYSE:CRI) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,870 shares of the textile maker’s stock after selling 665 shares during the period. Carter’s accounts for 2.2% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 14th largest holding. Alexander Randolph Advisory Inc. owned about 0.12% of Carter’s worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in Carter’s in the third quarter valued at approximately $28,000. Venturi Wealth Management LLC boosted its holdings in Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Truvestments Capital LLC bought a new stake in Carter’s in the third quarter valued at approximately $74,000. GAMMA Investing LLC boosted its holdings in Carter’s by 258.0% in the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 1,045 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Carter’s by 136.7% in the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock valued at $96,000 after acquiring an additional 1,028 shares during the last quarter.

Carter’s Price Performance

Shares of NYSE:CRI opened at $52.10 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a twelve month low of $49.65 and a twelve month high of $88.03. The stock’s 50 day moving average is $53.44 and its 200-day moving average is $58.59. 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.

Analyst Ratings Changes

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

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.