Carter's, Inc. (NYSE:CRI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 34.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,966 shares of the textile maker's stock after selling 14,879 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Carter's worth $1,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in Carter's in the 3rd quarter valued at about $683,000. SG Americas Securities LLC purchased a new position in Carter's during the second quarter worth $671,000. Easterly Investment Partners LLC raised its stake in Carter's by 25.2% in the 2nd quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker's stock valued at $1,687,000 after purchasing an additional 5,484 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Carter's by 48.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock valued at $5,292,000 after purchasing an additional 26,650 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Carter's by 10.4% during the 3rd quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker's stock worth $7,943,000 after purchasing an additional 11,480 shares during the last quarter.

Carter's Trading Down 1.8 %

Shares of CRI stock traded down $1.02 on Friday, reaching $54.84. 874,248 shares of the stock were exchanged, compared to its average volume of 1,088,024. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.98 billion, a P/E ratio of 8.70, a price-to-earnings-growth ratio of 3.43 and a beta of 1.23. The firm has a 50 day moving average of $58.10 and a two-hundred day moving average of $62.32. Carter's, Inc. has a 1-year low of $50.27 and a 1-year high of $88.03.

Carter's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.84%. Carter's's payout ratio is 50.79%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CRI shares. Citigroup raised shares of 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. Wells Fargo & Company cut their price target 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. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Carter's currently has an average rating of "Hold" and a consensus 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.