Louisiana State Employees Retirement System Has $650,000 Stock Position in Carter’s, Inc. (NYSE:CRI)

Louisiana State Employees Retirement System decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,000 shares of the textile maker’s stock after selling 300 shares during the period. Louisiana State Employees Retirement System’s holdings in Carter’s were worth $650,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares during the last quarter. Gladius Capital Management LP bought a new stake in Carter’s in the 2nd quarter valued at $30,000. CWM LLC boosted its holdings in Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares during the period. Finally, LRI Investments LLC bought a new position in Carter’s during the 1st quarter valued at about $77,000.

Carter’s Stock Performance

Shares of CRI opened at $53.99 on Wednesday. The firm’s 50 day moving average price is $64.89 and its two-hundred day moving average price is $65.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm has a market cap of $1.95 billion, a P/E ratio of 8.57, a PEG ratio of 3.31 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $53.33 and a twelve month high of $88.03.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is presently 50.79%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered their price objective 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. Bank of America reduced their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $70.00.

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.