Carter’s, Inc. (NYSE:CRI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 43.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,429 shares of the textile maker’s stock after selling 20,909 shares during the period. Bridgewater Associates LP owned about 0.08% of Carter’s worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRI. GAMMA Investing LLC increased its stake in shares of Carter’s by 112.0% in 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. Covestor Ltd raised its holdings in Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after acquiring an additional 270 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in Carter’s by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in Carter’s by 1.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock valued at $1,890,000 after acquiring an additional 383 shares in the last quarter. Finally, nVerses Capital LLC raised its holdings in Carter’s by 20.0% in the third quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock valued at $156,000 after acquiring an additional 400 shares in the last quarter.

Analysts Set New Price Targets

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

Carter’s Trading Down 0.8 %

NYSE:CRI opened at $54.57 on Monday. The company has a market capitalization of $1.97 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 3.28 and a beta of 1.24. 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 52-week low of $50.27 and a 52-week high of $88.03. The stock has a fifty day simple moving average of $59.15 and a 200-day simple moving average of $62.75.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s 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.