Sound Income Strategies LLC Has $12.62 Million Stock Position in Carter's, Inc. (NYSE:CRI)

Sound Income Strategies LLC boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 32.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 232,840 shares of the textile maker's stock after purchasing an additional 57,346 shares during the quarter. Sound Income Strategies LLC owned about 0.65% of Carter's worth $12,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Carter's during the 3rd quarter worth $683,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Carter's by 79.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock valued at $9,913,000 after acquiring an additional 67,460 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Carter's by 48.6% in the third 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 during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Carter's by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock worth $76,144,000 after purchasing an additional 42,589 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Carter's by 10.4% in the third 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 period.

Carter's Price Performance

NYSE:CRI traded down $0.51 during mid-day trading on Friday, hitting $54.11. The company's stock had a trading volume of 464,092 shares, compared to its average volume of 912,854. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 3.55 and a beta of 1.22. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $88.03. The stock has a fifty day moving average of $54.30 and a 200-day moving average of $59.83.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's dividend payout ratio (DPR) is 50.79%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CRI. Citigroup raised 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 lowered their price objective on shares of 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 research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $67.67.

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.