Carter’s, Inc. (NYSE:CRI) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 109.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 38,617 shares of the textile maker’s stock after buying an additional 20,210 shares during the period. Franklin Resources Inc.’s holdings in Carter’s were worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CRI. GAMMA Investing LLC boosted its holdings in Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after buying an additional 214 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Carter’s during the 3rd quarter worth approximately $28,000. Venturi Wealth Management LLC grew its holdings in shares of Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the period. Abich Financial Wealth Management LLC increased its stake in Carter’s by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 346 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Carter’s during the third quarter worth $74,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CRI shares. Wells Fargo & Company dropped their price target on 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. 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. One equities 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, the company currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 0.6 %

Shares of CRI stock opened at $55.86 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 3.28 and a beta of 1.23. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $55.71 and a 200 day moving average price of $61.24. Carter’s, Inc. has a twelve month low of $50.27 and a twelve month high of $88.03.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Monday, November 25th. Carter’s’s payout ratio is 50.79%.

About Carter’s

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.