Natixis Advisors LLC Sells 10,188 Shares of Carter’s, Inc. (NYSE:CRI)

Natixis Advisors LLC lowered its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 37.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 17,295 shares of the textile maker’s stock after selling 10,188 shares during the period. Natixis Advisors LLC’s holdings in Carter’s were worth $1,124,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CRI. Price T Rowe Associates Inc. MD boosted its stake in shares of Carter’s by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after acquiring an additional 11,265 shares during the period. SG Americas Securities LLC acquired a new stake in Carter’s during the 2nd quarter valued at $671,000. Easterly Investment Partners LLC boosted its position in Carter’s by 25.2% during the second quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock worth $1,687,000 after purchasing an additional 5,484 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Carter’s by 48.6% in the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock valued at $5,292,000 after purchasing an additional 26,650 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Carter’s by 10.4% in the third quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock valued at $7,943,000 after purchasing an additional 11,480 shares during the period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company reduced 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 report on Monday, October 28th. 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 analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.67.

Carter’s Price Performance

Shares of Carter’s stock opened at $54.77 on Wednesday. The company has a 50-day simple moving average of $60.29 and a two-hundred day simple moving average of $63.13. Carter’s, Inc. has a twelve month low of $50.27 and a twelve month high of $88.03. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of 8.69, a price-to-earnings-growth ratio of 3.24 and a beta of 1.24. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Carter’s Company 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.