Thrivent Financial for Lutherans Has $552,000 Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Thrivent Financial for Lutherans cut its position in shares of Carter’s, Inc. (NYSE:CRI) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,489 shares of the textile maker’s stock after selling 330 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carter’s were worth $552,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CRI. Comerica Bank grew its position in Carter’s by 4.8% during the first quarter. Comerica Bank now owns 37,267 shares of the textile maker’s stock worth $3,156,000 after buying an additional 1,702 shares in the last quarter. CWM LLC grew its position in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Carter’s during the second quarter worth about $671,000. Sound Income Strategies LLC grew its position in Carter’s by 67.1% during the second quarter. Sound Income Strategies LLC now owns 167,305 shares of the textile maker’s stock worth $10,368,000 after buying an additional 67,155 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Carter’s during the second quarter worth about $207,000.

Carter’s Stock Performance

NYSE:CRI opened at $56.99 on Thursday. Carter’s, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. The firm has a 50 day moving average of $58.74 and a 200-day moving average of $62.53. 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 stock has a market capitalization of $2.05 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 3.42 and a beta of 1.23.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRI. Wells Fargo & Company decreased their target price 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. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Carter’s has a consensus rating of “Hold” and an average price target of $67.67.

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.