Carter’s, Inc. (NYSE:CRI) Shares Bought by Barclays PLC

Barclays PLC grew its position in Carter’s, Inc. (NYSE:CRI) by 58.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,077 shares of the textile maker’s stock after acquiring an additional 7,429 shares during the quarter. Barclays PLC’s holdings in Carter’s were worth $1,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Carter’s during the 3rd quarter worth $683,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Carter’s by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock valued at $9,913,000 after buying an additional 67,460 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Carter’s by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock worth $5,292,000 after buying an additional 26,650 shares during the period. Empowered Funds LLC grew its holdings in shares of Carter’s by 10.4% during the third quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock worth $7,943,000 after buying an additional 11,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Carter’s by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after buying an additional 42,589 shares during the last quarter.

Carter’s Price Performance

Shares of NYSE:CRI opened at $54.43 on Friday. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The company has a 50-day moving average price of $55.45 and a 200 day moving average price of $61.12. The company has a market cap of $1.96 billion, a P/E ratio of 8.64, a PEG ratio of 3.28 and a beta of 1.23. 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 firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.88%. Carter’s’s dividend payout ratio is currently 50.79%.

Analyst Ratings Changes

Several analysts have commented on the company. Wells Fargo & Company reduced their price objective 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 Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research note 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. According to MarketBeat.com, Carter’s currently has an average rating of “Hold” and a consensus price target of $67.67.

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.