Royce & Associates LP Has $13.06 Million Holdings in Carter’s, Inc. (NYSE:CRI)

Royce & Associates LP cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 36.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,909 shares of the textile maker’s stock after selling 116,899 shares during the period. Royce & Associates LP’s holdings in Carter’s were worth $13,055,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Carter’s by 173.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after buying an additional 10,897 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Carter’s by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after buying an additional 11,265 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Carter’s by 86.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock worth $1,714,000 after buying an additional 9,295 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Carter’s in the second quarter valued at $671,000. Finally, Easterly Investment Partners LLC increased its holdings in Carter’s by 25.2% in the second quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after purchasing an additional 5,484 shares during the period.

Carter’s Stock Performance

Shares of CRI opened at $52.84 on Friday. 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 stock has a market capitalization of $1.90 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 3.29 and a beta of 1.24. The firm’s fifty day simple moving average is $62.33 and its two-hundred day simple moving average is $63.87. Carter’s, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 6.06%. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Bank of America decreased their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. One equities research 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, the stock currently has a consensus rating of “Hold” and an average target price of $67.67.

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.