Carter’s, Inc. (NYSE:CRI) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in shares of Carter’s, Inc. (NYSE:CRIFree Report) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,000 shares of the textile maker’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Carter’s were worth $650,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. RWWM Inc. acquired a new position in shares of Carter’s during the 2nd quarter valued at $23,675,000. Pacer Advisors Inc. lifted its holdings in Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after buying an additional 371,681 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after buying an additional 186,894 shares in the last quarter. Reinhart Partners LLC. raised its stake in shares of Carter’s by 67.3% in the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after purchasing an additional 185,458 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after purchasing an additional 170,960 shares in the last quarter.

Carter’s Stock Up 0.5 %

CRI stock opened at $53.99 on Wednesday. Carter’s, Inc. has a 12 month low of $53.33 and a 12 month high of $88.03. The firm has a market cap of $1.95 billion, a PE ratio of 8.57, a P/E/G ratio of 3.31 and a beta of 1.24. The firm has a 50 day simple moving average of $64.89 and a 200 day simple moving average of $65.00. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a dividend yield of 5.93%. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CRI shares. Bank of America lowered their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company decreased their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $70.00.

Read Our Latest Report on Carter’s

About Carter’s

(Free Report)

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.

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Institutional Ownership by Quarter for Carter's (NYSE:CRI)

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