Carter’s, Inc. (NYSE:CRI) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in Carter’s, Inc. (NYSE:CRI) by 109.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,617 shares of the textile maker’s stock after purchasing an additional 20,210 shares during the quarter. Franklin Resources Inc. owned approximately 0.11% of Carter’s worth $2,468,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRI. GAMMA Investing LLC boosted its holdings in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Carter’s in the 3rd quarter valued at $28,000. Venturi Wealth Management LLC grew its position in shares of Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Carter’s in the third quarter valued at $74,000.

Analyst Upgrades and Downgrades

CRI has been the topic of several research reports. 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. 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 note on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, Carter’s presently has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Price Performance

Shares of CRI opened at $55.86 on Friday. 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 fifty-two week low of $50.27 and a fifty-two week high of $88.03. The firm has a 50-day simple moving average of $55.71 and a 200-day simple moving average of $61.24. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.73%. Carter’s’s payout ratio is 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.