Carter’s, Inc. (NYSE:CRI) Stock Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in Carter’s, Inc. (NYSE:CRI) by 0.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 158,068 shares of the textile maker’s stock after acquiring an additional 1,371 shares during the quarter. Victory Capital Management Inc. owned approximately 0.44% of Carter’s worth $10,271,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Carter’s by 44.4% in 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 period. Dimensional Fund Advisors LP lifted its stake in 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 in the last quarter. American Century Companies Inc. boosted its holdings in shares of Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after buying an additional 170,960 shares during the period. AQR Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, Reinhart Partners LLC. raised its holdings in shares of Carter’s by 13.6% during 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 during the period.

Analyst Ratings Changes

CRI has been the subject of a number of recent analyst reports. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th. Bank of America decreased their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Finally, Wells Fargo & Company dropped 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 analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Trading Down 2.0 %

NYSE CRI opened at $50.95 on Thursday. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 1-year low of $50.27 and a 1-year high of $88.03. The firm’s fifty day simple moving average is $61.27 and its 200-day simple moving average is $63.50. The company has a market capitalization of $1.84 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 3.24 and a beta of 1.24.

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. This represents a $3.20 annualized dividend and a yield of 6.28%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s payout ratio is currently 50.79%.

About Carter’s

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.