Atria Investments Inc Boosts Holdings in Carter’s, Inc. (NYSE:CRI)

Atria Investments Inc grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 78.8% in the third quarter, Holdings Channel.com reports. The firm owned 6,161 shares of the textile maker’s stock after buying an additional 2,715 shares during the period. Atria Investments Inc’s holdings in Carter’s were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Easterly Investment Partners LLC boosted its position in Carter’s by 2.6% during the third quarter. Easterly Investment Partners LLC now owns 27,933 shares of the textile maker’s stock worth $1,815,000 after purchasing an additional 706 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Carter’s in the third quarter valued at approximately $28,000. Harbor Capital Advisors Inc. boosted its position 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 acquiring an additional 26,650 shares during the period. EMC Capital Management boosted its position in shares of Carter’s by 194.3% in the third quarter. EMC Capital Management now owns 9,799 shares of the textile maker’s stock valued at $637,000 after acquiring an additional 6,469 shares during the period. Finally, Pallas Capital Advisors LLC bought a new position in shares of Carter’s in the third quarter valued at approximately $204,000.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America cut 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. Citigroup upgraded shares of 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. Finally, 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. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 2.8 %

CRI stock opened at $52.41 on Friday. The company has a market capitalization of $1.89 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24. Carter’s, Inc. has a one year low of $50.27 and a one year high of $88.03. The company’s 50 day moving average price is $60.92 and its two-hundred day moving average price is $63.42. 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 Dividend Announcement

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