B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 16,099 Carter's, Inc. (NYSE:CRI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,099 shares of the textile maker's stock, valued at approximately $1,046,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. RWWM Inc. acquired a new position in shares of Carter's in the second quarter valued at $23,675,000. Pacer Advisors Inc. boosted its holdings in shares of Carter's by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker's stock worth $74,928,000 after buying an additional 371,681 shares during the period. AQR Capital Management LLC grew its stake in Carter's by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker's stock valued at $34,212,000 after buying an additional 186,894 shares during the last quarter. Reinhart Partners LLC. raised its holdings in Carter's by 67.3% in 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 during the period. Finally, American Century Companies Inc. lifted its position in Carter's by 29.2% during the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock worth $46,918,000 after acquiring an additional 170,960 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRI shares. 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. Bank of America cut their price objective on shares of Carter's from $65.00 to $54.00 and set an "underperform" rating for the company in a report on Monday, July 29th. Finally, 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 report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat.com, Carter's presently has an average rating of "Hold" and an average price target of $67.67.

Carter's Price Performance

Shares of CRI traded up $1.54 during midday trading on Friday, hitting $53.97. The company's stock had a trading volume of 1,704,431 shares, compared to its average volume of 1,535,065. The company's fifty day simple moving average is $60.58 and its two-hundred day simple moving average is $63.27. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.24. 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, Inc. has a one year low of $50.27 and a one year high of $88.03.

Carter's Announces Dividend

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 given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.93%. The ex-dividend date of this dividend is Monday, November 25th. Carter's's dividend payout ratio 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.