Pacer Advisors Inc. Acquires 1,732,857 Shares of Carter’s, Inc. (NYSE:CRI)

Pacer Advisors Inc. boosted its stake in Carter’s, Inc. (NYSE:CRI) by 155.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,851,079 shares of the textile maker’s stock after buying an additional 1,732,857 shares during the period. Pacer Advisors Inc. owned 0.08% of Carter’s worth $154,500,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares during the period. Covestor Ltd increased its position in Carter’s by 15.3% during the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 270 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Carter’s by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after purchasing an additional 383 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Carter’s by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 396 shares during the period. Finally, nVerses Capital LLC boosted its stake in shares of Carter’s by 20.0% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 400 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $67.67.

Carter’s Trading Down 0.9 %

NYSE:CRI opened at $54.11 on Monday. Carter’s, Inc. has a 12 month low of $50.25 and a 12 month high of $88.03. 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 $1.95 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 3.55 and a beta of 1.22. The firm has a fifty day simple moving average of $54.32 and a two-hundred day simple moving average of $59.76.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.91%. Carter’s’s dividend payout ratio is presently 50.79%.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.