State of New Jersey Common Pension Fund D Raises Stock Holdings in Carter’s, Inc. (NYSE:CRI)

State of New Jersey Common Pension Fund D lifted its holdings in Carter’s, Inc. (NYSE:CRI) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,080 shares of the textile maker’s stock after purchasing an additional 383 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Carter’s worth $1,890,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CRI. GAMMA Investing LLC lifted its position in Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Carter’s in the third quarter worth about $28,000. Gladius Capital Management LP bought a new stake in Carter’s during the second quarter worth approximately $30,000. CWM LLC raised its position in Carter’s by 431.3% during the second 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. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of 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 during the last quarter.

Analyst Ratings Changes

CRI has been the topic of several recent research reports. Bank of America decreased their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered 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 report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Down 1.0 %

Shares of CRI opened at $52.33 on Tuesday. The firm has a fifty day moving average price of $61.99 and a 200-day moving average price of $63.72. 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 market capitalization of $1.89 billion, a P/E ratio of 8.31, a P/E/G ratio of 3.24 and a beta of 1.24. Carter’s, Inc. has a 12-month low of $50.27 and a 12-month high of $88.03.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.12%. Carter’s’s dividend payout ratio (DPR) is 50.79%.

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.