Verition Fund Management LLC Grows Position in Carter’s, Inc. (NYSE:CRI)

Verition Fund Management LLC increased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 70.4% in the third quarter, Holdings Channel reports. The firm owned 300,661 shares of the textile maker’s stock after acquiring an additional 124,191 shares during the period. Verition Fund Management LLC’s holdings in Carter’s were worth $19,537,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRI. GAMMA Investing LLC raised its holdings in shares of Carter’s by 112.0% during the 3rd 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. Capital Performance Advisors LLP purchased a new position in shares of Carter’s in the third quarter valued at $28,000. Gladius Capital Management LP acquired a new stake in Carter’s during the 2nd quarter valued at $30,000. CWM LLC increased its stake in Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRI. Wells Fargo & Company decreased their price objective 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. Citigroup upgraded 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Down 0.7 %

CRI stock opened at $54.60 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 3.31 and a beta of 1.24. Carter’s, Inc. has a 1-year low of $50.27 and a 1-year high of $88.03. The firm has a fifty day moving average price of $59.40 and a two-hundred day moving average price of $62.92. 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 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 paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.86%. 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.