Carter’s, Inc. (NYSE:CRI) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its holdings in Carter’s, Inc. (NYSE:CRI) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 638,126 shares of the textile maker’s stock after selling 28,749 shares during the quarter. Wasatch Advisors LP’s holdings in Carter’s were worth $41,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew 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 worth $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s during the 3rd quarter worth approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of Carter’s during the 2nd quarter worth approximately $30,000. CWM LLC grew its stake in shares of Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after purchasing an additional 483 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the period.

Carter’s Price Performance

Carter’s stock opened at $54.57 on Friday. The company’s fifty day moving average price is $59.15 and its 200 day moving average price is $62.80. Carter’s, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. The stock has a market capitalization of $1.97 billion, a P/E ratio of 8.66, a P/E/G ratio of 3.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.86%. Carter’s’s dividend payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CRI shares. Wells Fargo & Company dropped 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 note on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Company 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.