Cerity Partners LLC Grows Stock Position in Carter’s, Inc. (NYSE:CRI)

Cerity Partners LLC lifted its stake in shares of Carter’s, Inc. (NYSE:CRI) by 50.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,941 shares of the textile maker’s stock after purchasing an additional 6,038 shares during the quarter. Cerity Partners LLC’s holdings in Carter’s were worth $1,166,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Carter’s by 44.4% in the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after buying an additional 371,681 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Carter’s by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after buying an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after buying an additional 112,947 shares during the last quarter. American Century Companies Inc. boosted its stake in Carter’s by 29.2% in the 2nd 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 last quarter. Finally, AQR Capital Management LLC boosted its stake 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 during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on CRI shares. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company cut their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.67.

Carter’s Stock Performance

Shares of NYSE:CRI opened at $56.99 on Thursday. The company has a market cap of $2.05 billion, a P/E ratio of 9.05, a PEG ratio of 3.42 and a beta of 1.23. 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 one year low of $50.27 and a one year high of $88.03. The business’s 50-day simple moving average is $58.74 and its 200 day simple moving average is $62.53.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.62%. Carter’s’s payout ratio is currently 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.