Foundry Partners LLC Has $279,000 Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Foundry Partners LLC trimmed its position in shares of Carter’s, Inc. (NYSE:CRI) by 17.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,288 shares of the textile maker’s stock after selling 938 shares during the quarter. Foundry Partners LLC’s holdings in Carter’s were worth $279,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted 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 acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Carter’s in the 3rd quarter worth $28,000. Gladius Capital Management LP bought a new position in Carter’s during the 2nd quarter worth about $30,000. CWM LLC raised its stake in shares of 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. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently issued reports on CRI. Bank of America lowered their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company cut their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, 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. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, Carter’s presently has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Performance

Shares of CRI opened at $54.00 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a 50-day moving average of $60.58 and a 200-day moving average of $63.31. The company has a market cap of $1.95 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24. Carter’s, Inc. has a one year low of $50.27 and a one year high of $88.03.

Carter’s Announces Dividend

The firm 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. This represents a $3.20 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 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.