Quantinno Capital Management LP Purchases New Shares in Carter’s, Inc. (NYSE:CRI)

Quantinno Capital Management LP acquired a new position in Carter’s, Inc. (NYSE:CRI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,873 shares of the textile maker’s stock, valued at approximately $772,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s during the 3rd quarter worth $28,000. Gladius Capital Management LP bought a new stake in shares of Carter’s during the 2nd quarter worth $30,000. CWM LLC grew its position in Carter’s by 431.3% during 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 during the period. Finally, Venturi Wealth Management LLC increased its holdings in Carter’s by 221.2% during the third 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 last quarter.

Analyst Ratings Changes

CRI has been the topic of a number of research analyst reports. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. 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, the stock presently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 0.5 %

NYSE:CRI opened at $55.70 on Friday. The company has a market cap of $2.01 billion, a P/E ratio of 8.84, a P/E/G ratio of 3.28 and a beta of 1.23. Carter’s, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock’s fifty day moving average price is $57.10 and its two-hundred day moving average price is $61.95.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.75%. Carter’s’s dividend payout ratio is currently 50.79%.

About Carter’s

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.