Janney Montgomery Scott LLC Cuts Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Janney Montgomery Scott LLC lessened its stake in Carter’s, Inc. (NYSE:CRI) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,610 shares of the textile maker’s stock after selling 2,174 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carter’s were worth $304,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in 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 buying an additional 214 shares in the last quarter. Covestor Ltd lifted its holdings 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 valued at $132,000 after acquiring an additional 270 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Carter’s by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after purchasing an additional 383 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Carter’s by 2.3% in the 3rd 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 in the last quarter. Finally, nVerses Capital LLC increased its holdings in Carter’s by 20.0% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 400 shares in the last quarter.

Carter’s Stock Up 1.4 %

Shares of NYSE CRI opened at $52.92 on Wednesday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 8.40, a PEG ratio of 3.27 and a beta of 1.21. Carter’s, Inc. has a 1 year low of $49.65 and a 1 year high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The stock’s 50-day simple moving average is $53.94 and its 200-day simple moving average is $59.02.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date was Monday, November 25th. Carter’s’s payout ratio is 50.79%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CRI shares. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company reduced 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 issued a hold rating to the stock. According to MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average target price of $67.67.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.