Royce & Associates LP Has $13.06 Million Stock Position 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 Securities & Exchange Commission. The fund owned 200,909 shares of the textile maker’s stock after selling 116,899 shares during the period. Royce & Associates LP owned 0.56% of Carter’s worth $13,055,000 at the end of the most recent quarter.

Several other hedge funds have 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 worth $26,000 after acquiring an additional 214 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s in the third quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in shares of Carter’s in the second quarter valued at approximately $30,000. CWM LLC raised its position in shares of Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after buying an additional 483 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position 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 buying an additional 500 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRI shares. Bank of America dropped their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company dropped their price target 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. Finally, Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Stock Performance

Shares of NYSE:CRI opened at $52.84 on Friday. The company’s 50 day simple moving average is $62.33 and its 200 day simple moving average is $63.87. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.39, a price-to-earnings-growth ratio of 3.29 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.80 dividend. 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 50.79%.

Carter’s Company 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.