US Bancorp DE Decreases Stock Holdings in Carter’s, Inc. (NYSE:CRI)

US Bancorp DE reduced its position in shares of Carter’s, Inc. (NYSE:CRI) by 29.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,276 shares of the textile maker’s stock after selling 538 shares during the period. US Bancorp DE’s holdings in Carter’s were worth $83,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CRI. Pacer Advisors Inc. raised its position in Carter’s by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after purchasing an additional 371,681 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Carter’s by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after buying an additional 112,947 shares during the period. American Century Companies Inc. raised its holdings in shares of Carter’s by 29.2% during the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after acquiring an additional 170,960 shares in the last quarter. AQR Capital Management LLC lifted its stake in Carter’s by 50.7% in the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after acquiring an additional 186,894 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in Carter’s by 13.6% in the third quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker’s stock valued at $34,046,000 after acquiring an additional 62,749 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Bank of America cut their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Carter’s has a consensus rating of “Hold” and an average target price of $67.67.

Carter’s Stock Down 0.8 %

Carter’s stock opened at $52.84 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 market cap of $1.90 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 3.29 and a beta of 1.24. The stock has a fifty day simple moving average of $62.33 and a two-hundred day simple moving average of $63.87. Carter’s, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.06%. Carter’s’s payout ratio is 50.79%.

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.