Harbor Capital Advisors Inc. Sells 39,734 Shares of Carter’s, Inc. (NYSE:CRI)

Harbor Capital Advisors Inc. reduced its stake in Carter’s, Inc. (NYSE:CRI) by 48.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,701 shares of the textile maker’s stock after selling 39,734 shares during the period. Harbor Capital Advisors Inc.’s holdings in Carter’s were worth $2,260,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Carter’s in the second quarter worth about $308,000. Quest Partners LLC increased its stake in Carter’s by 23.7% in the 2nd quarter. Quest Partners LLC now owns 5,660 shares of the textile maker’s stock worth $351,000 after acquiring an additional 1,086 shares during the last quarter. American Century Companies Inc. increased its stake in Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after acquiring an additional 170,960 shares during the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Carter’s by 26.6% during the 2nd quarter. HBK Sorce Advisory LLC now owns 25,856 shares of the textile maker’s stock worth $1,602,000 after acquiring an additional 5,431 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Carter’s by 39.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,061 shares of the textile maker’s stock valued at $500,000 after acquiring an additional 2,264 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in 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 report on Tuesday, November 12th. Wells Fargo & Company decreased their target price 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 equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 1.5 %

Shares of CRI opened at $51.80 on Friday. Carter’s, Inc. has a twelve month low of $50.25 and a twelve 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 company’s fifty day simple moving average is $54.09 and its 200-day simple moving average is $60.32. The company has a market cap of $1.87 billion, a P/E ratio of 8.22, a P/E/G ratio of 3.28 and a beta of 1.22.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.18%. The ex-dividend date was Monday, November 25th. Carter’s’s payout ratio is currently 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.