Atria Investments Inc Acquires 2,715 Shares of Carter’s, Inc. (NYSE:CRI)

Atria Investments Inc lifted its position in shares of Carter’s, Inc. (NYSE:CRI) by 78.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,161 shares of the textile maker’s stock after purchasing an additional 2,715 shares during the quarter. Atria Investments Inc’s holdings in Carter’s were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. RWWM Inc. acquired a new stake in Carter’s in the 2nd quarter valued at $23,675,000. Pacer Advisors Inc. grew its position in shares of Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after acquiring an additional 371,681 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Carter’s by 50.7% during 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 period. Reinhart Partners LLC. boosted its holdings in shares of Carter’s by 67.3% during the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock worth $28,580,000 after buying an additional 185,458 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of Carter’s by 29.2% during 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 period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Wells Fargo & Company dropped their target price on shares of 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. Bank of America lowered their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Finally, Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, Carter’s has an average rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Up 2.8 %

Shares of NYSE CRI opened at $52.41 on Friday. The firm has a market cap of $1.89 billion, a PE ratio of 8.32, a P/E/G ratio of 3.13 and a beta of 1.24. Carter’s, Inc. has a 12-month low of $50.27 and a 12-month high of $88.03. The company’s fifty day simple moving average is $60.92 and its 200 day simple moving average is $63.42. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.11%. Carter’s’s payout ratio is 50.79%.

Carter’s 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.