Foundry Partners LLC Sells 938 Shares of Carter’s, Inc. (NYSE:CRI)

Foundry Partners LLC lessened its stake in Carter’s, Inc. (NYSE:CRI) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,288 shares of the textile maker’s stock after selling 938 shares during the period. 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 institutional investors have also added to or reduced their stakes in CRI. O Shaughnessy Asset Management LLC lifted its position in shares of Carter’s by 173.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after acquiring an additional 10,897 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in 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. SG Americas Securities LLC acquired a new position in shares of Carter’s in the 2nd quarter valued at $671,000. Easterly Investment Partners LLC raised its stake in shares of Carter’s by 25.2% in the 2nd quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after buying an additional 5,484 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Carter’s by 48.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock worth $5,292,000 after acquiring an additional 26,650 shares during the period.

Carter’s Price Performance

CRI opened at $54.00 on Friday. The company has a fifty day moving average price of $60.58 and a two-hundred day moving average price of $63.31. The firm has a market capitalization of $1.95 billion, a PE ratio of 8.57, a P/E/G ratio of 3.13 and a beta of 1.24. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued 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 5.93%. Carter’s’s dividend payout ratio is presently 50.79%.

Analyst Ratings Changes

CRI has been the subject of several recent research reports. 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 target price 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, Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, Carter’s presently has a consensus rating of “Hold” and an average price target of $67.67.

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.