B. Metzler seel. Sohn & Co. Holding AG Makes New $1.05 Million Investment in Carter’s, Inc. (NYSE:CRI)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,099 shares of the textile maker’s stock, valued at approximately $1,046,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CRI. GAMMA Investing LLC raised its stake in shares of Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Carter’s during the third quarter valued at about $28,000. Gladius Capital Management LP purchased a new stake in shares of Carter’s in the second quarter worth about $30,000. CWM LLC lifted its holdings in shares of Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings 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 buying an additional 500 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a report on Tuesday, November 12th. Bank of America lowered their price target 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. Finally, Wells Fargo & Company lowered their price target on shares of 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. According to MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Stock Up 2.9 %

Shares of NYSE CRI opened at $53.97 on Friday. Carter’s, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 3.15 and a beta of 1.24. The business has a 50-day moving average of $60.58 and a 200-day moving average of $63.27.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.93%. Carter’s’s dividend payout ratio is 50.79%.

Carter’s Profile

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.