Carter’s, Inc. (NYSE:CRI) Shares Bought by Creative Planning

Creative Planning raised its position in Carter’s, Inc. (NYSE:CRI) by 44.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,848 shares of the textile maker’s stock after purchasing an additional 2,104 shares during the quarter. Creative Planning’s holdings in Carter’s were worth $445,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Carter’s by 173.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after acquiring an additional 10,897 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Carter’s by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after acquiring an additional 11,265 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Carter’s by 86.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock worth $1,714,000 after acquiring an additional 9,295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Carter’s in the 1st quarter worth approximately $1,450,000. Finally, Qsemble Capital Management LP lifted its holdings in shares of Carter’s by 91.2% in the 1st quarter. Qsemble Capital Management LP now owns 18,769 shares of the textile maker’s stock worth $1,589,000 after acquiring an additional 8,955 shares during the last quarter.

Carter’s Trading Down 2.6 %

Shares of NYSE:CRI opened at $52.59 on Thursday. Carter’s, Inc. has a 52 week low of $51.98 and a 52 week high of $88.03. The company’s 50 day moving average is $64.59 and its two-hundred day moving average is $64.88. 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 has a market cap of $1.90 billion, a PE ratio of 8.57, a P/E/G ratio of 3.31 and a beta of 1.24.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is presently 50.79%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRI. Wells Fargo & Company decreased 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 report on Monday, October 28th. Bank of America reduced their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Carter’s has a consensus rating of “Hold” and an average price target of $70.00.

Carter’s 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.