State Street Corp Trims Holdings in Carter’s, Inc. (NYSE:CRI)

State Street Corp lowered its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,115,330 shares of the textile maker’s stock after selling 4,867 shares during the period. State Street Corp’s holdings in Carter’s were worth $72,474,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Carter’s by 112.0% in 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 during the last quarter. Covestor Ltd increased its position in Carter’s by 15.3% in 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 during the period. Abich Financial Wealth Management LLC raised its stake in Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares during the last quarter. State of New Jersey Common Pension Fund D lifted 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 acquiring an additional 383 shares during the period. Finally, nVerses Capital LLC grew its stake in shares of 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 during the last quarter.

Carter’s Price Performance

Carter’s stock opened at $56.84 on Wednesday. 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, Inc. has a one year low of $50.27 and a one year high of $88.03. The company has a market cap of $2.05 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. The business has a fifty day moving average of $56.92 and a two-hundred day moving average of $61.76.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Wells Fargo & Company cut their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note 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 given 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.

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.