Carter’s, Inc. (NYSE:CRI) Shares Sold by EMC Capital Management

EMC Capital Management cut its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 66.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,330 shares of the textile maker’s stock after selling 6,469 shares during the period. EMC Capital Management’s holdings in Carter’s were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carter’s in the third quarter worth about $683,000. Hotchkis & Wiley Capital Management LLC boosted its position in Carter’s by 79.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock worth $9,913,000 after purchasing an additional 67,460 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Carter’s by 48.6% during the 3rd 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. Charles Schwab Investment Management Inc. increased its holdings in shares of Carter’s by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after purchasing an additional 42,589 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Carter’s by 10.4% in the 3rd 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 period.

Carter’s Stock Up 3.0 %

CRI stock opened at $54.79 on Friday. 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 firm has a 50-day moving average of $54.50 and a two-hundred day moving average of $59.57. Carter’s, Inc. has a 12 month low of $50.25 and a 12 month high of $88.03. The company has a market cap of $1.97 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 3.55 and a beta of 1.22.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.84%. Carter’s’s dividend payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRI. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their price target on 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 research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Carter’s has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.