Barclays PLC Boosts Holdings in Carter’s, Inc. (NYSE:CRI)

Barclays PLC lifted its position in shares of Carter’s, Inc. (NYSE:CRI) by 58.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,077 shares of the textile maker’s stock after buying an additional 7,429 shares during the period. Barclays PLC owned approximately 0.06% of Carter’s worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 214 shares during the last quarter. Covestor Ltd boosted its position in shares of Carter’s by 15.3% during the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after purchasing an additional 270 shares during the period. Abich Financial Wealth Management LLC boosted its position in shares of 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 purchasing an additional 346 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in Carter’s by 1.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock valued at $1,890,000 after purchasing an additional 383 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Carter’s by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock valued at $1,147,000 after purchasing an additional 396 shares during the period.

Carter’s Stock Down 2.6 %

Shares of NYSE CRI opened at $54.43 on Friday. Carter’s, Inc. has a 12-month low of $50.27 and a 12-month high of $88.03. The stock has a market cap of $1.96 billion, a P/E ratio of 8.64, a PEG ratio of 3.28 and a beta of 1.23. 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 business’s fifty day simple moving average is $55.45 and its 200-day simple moving average is $61.12.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.88%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is presently 50.79%.

Analysts Set New Price Targets

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