State Street Corp Cuts Stock Position in Carter’s, Inc. (NYSE:CRI)

State Street Corp lowered its holdings in Carter’s, Inc. (NYSE:CRI) by 0.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,115,330 shares of the textile maker’s stock after selling 4,867 shares during the period. State Street Corp owned approximately 3.09% of Carter’s worth $72,474,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Carter’s during the 3rd quarter worth about $28,000. CWM LLC raised its position in Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period. Finally, Abich Financial Wealth Management LLC grew its position in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after buying an additional 346 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Carter’s Price Performance

Shares of CRI opened at $56.84 on Wednesday. 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, Inc. has a 1-year low of $50.27 and a 1-year high of $88.03. The stock has a market cap of $2.05 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. The firm has a fifty day moving average price of $56.92 and a 200 day moving average price of $61.76.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.63%. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

About Carter’s

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.