Charles Schwab Investment Management Inc. Purchases 42,589 Shares of Carter’s, Inc. (NYSE:CRI)

Charles Schwab Investment Management Inc. boosted its position in shares of Carter’s, Inc. (NYSE:CRI) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,171,810 shares of the textile maker’s stock after purchasing an additional 42,589 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Carter’s were worth $76,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Carter’s by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after buying an additional 11,265 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Carter’s during the 2nd quarter valued at $671,000. Easterly Investment Partners LLC lifted its stake in shares of Carter’s by 25.2% in the 2nd quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after purchasing an additional 5,484 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Carter’s by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock worth $5,292,000 after purchasing an additional 26,650 shares during the period. Finally, Empowered Funds LLC increased its holdings in Carter’s by 10.4% in the third quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock valued at $7,943,000 after purchasing an additional 11,480 shares during the last quarter.

Carter’s Price Performance

Shares of CRI opened at $55.01 on Thursday. The stock has a 50 day simple moving average of $59.98 and a 200 day simple moving average of $63.03. Carter’s, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm has a market capitalization of $1.98 billion, a PE ratio of 8.73, a P/E/G ratio of 3.32 and a beta of 1.24.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Analyst Ratings Changes

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

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.