Boston Trust Walden Corp Sells 131,133 Shares of Carter’s, Inc. (NYSE:CRI)

Boston Trust Walden Corp decreased its position in Carter’s, Inc. (NYSE:CRI) by 20.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 512,211 shares of the textile maker’s stock after selling 131,133 shares during the quarter. Boston Trust Walden Corp’s holdings in Carter’s were worth $27,757,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRI. Pacer Advisors Inc. raised its position in Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the period. Verition Fund Management LLC grew its position in shares of Carter’s by 70.4% in the third quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker’s stock valued at $19,537,000 after purchasing an additional 124,191 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Carter’s by 168.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 116,278 shares of the textile maker’s stock valued at $6,301,000 after buying an additional 72,962 shares during the period. Landscape Capital Management L.L.C. bought a new stake in Carter’s during the 3rd quarter worth approximately $4,391,000. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of Carter’s by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock worth $9,913,000 after buying an additional 67,460 shares in the last quarter.

Carter’s Price Performance

Shares of CRI stock opened at $52.21 on Tuesday. 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, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $88.03. The firm has a market cap of $1.88 billion, a P/E ratio of 8.29, a P/E/G ratio of 3.50 and a beta of 1.21. The business’s 50 day moving average price is $54.44 and its 200-day moving average price is $59.40.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is currently 50.79%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lowered 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 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 target for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Company 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.