Needham Investment Management LLC Has $11.67 Million Holdings in Carter’s, Inc. (NYSE:CRI)

Needham Investment Management LLC lessened its position in Carter’s, Inc. (NYSE:CRI) by 4.4% in the 3rd quarter, Holdings Channel reports. The fund owned 179,550 shares of the textile maker’s stock after selling 8,200 shares during the period. Needham Investment Management LLC’s holdings in Carter’s were worth $11,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRI. RWWM Inc. purchased a new stake in shares of Carter’s in the second quarter valued at $23,675,000. Pacer Advisors Inc. lifted its stake in Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after acquiring an additional 371,681 shares in the last quarter. AQR Capital Management LLC boosted its position in Carter’s by 50.7% during the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after acquiring an additional 186,894 shares during the period. Reinhart Partners LLC. grew its stake in Carter’s by 67.3% during the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after acquiring an additional 185,458 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after purchasing an additional 170,960 shares during the period.

Carter’s Stock Down 1.3 %

CRI stock traded down $0.74 during trading hours on Tuesday, hitting $56.11. The company’s stock had a trading volume of 130,066 shares, compared to its average volume of 973,818. The stock has a 50 day moving average price of $59.15 and a two-hundred day moving average price of $62.71. Carter’s, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03. The company has a market capitalization of $2.02 billion, a PE ratio of 8.92, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

The firm 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. This represents a $3.20 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio is presently 50.79%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wells Fargo & Company decreased 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 report on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Carter’s currently has an average 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.