Franklin Resources Inc. Acquires 20,210 Shares of Carter's, Inc. (NYSE:CRI)

Franklin Resources Inc. boosted its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 109.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,617 shares of the textile maker's stock after purchasing an additional 20,210 shares during the period. Franklin Resources Inc. owned about 0.11% of Carter's worth $2,468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake 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 worth $26,000 after purchasing an additional 214 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Carter's during the third quarter worth $28,000. Venturi Wealth Management LLC raised its position 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 acquiring an additional 500 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in Carter's by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock valued at $53,000 after acquiring an additional 346 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Carter's in the 3rd quarter valued at about $74,000.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of research analyst reports. Citigroup raised shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price on the stock in a report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $67.67.

Carter's Stock Performance

Carter's stock traded down $1.43 during trading hours on Friday, hitting $54.43. The company had a trading volume of 719,675 shares, compared to its average volume of 1,009,054. Carter's, Inc. has a one year low of $50.27 and a one year high of $88.03. The firm has a market cap of $1.96 billion, a PE ratio of 8.64, a PEG ratio of 3.28 and a beta of 1.23. The firm has a 50-day moving average of $55.45 and a 200 day moving average of $61.15. 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 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 dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.88%. Carter's's dividend payout ratio (DPR) is currently 50.79%.

Carter's 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.