Dean Investment Associates LLC Grows Position in Carter's, Inc. (NYSE:CRI)

Dean Investment Associates LLC boosted its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 116.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,182 shares of the textile maker's stock after acquiring an additional 33,457 shares during the quarter. Dean Investment Associates LLC owned 0.17% of Carter's worth $4,041,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Carter's by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock worth $26,000 after buying an additional 214 shares in the last quarter. Covestor Ltd lifted its position in Carter's by 15.3% during the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock valued at $132,000 after purchasing an additional 270 shares during the period. Abich Financial Wealth Management LLC boosted its holdings 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 worth $53,000 after purchasing an additional 346 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Carter's by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock valued at $1,890,000 after buying an additional 383 shares during the last quarter. Finally, nVerses Capital LLC lifted its holdings in shares of Carter's by 20.0% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker's stock valued at $156,000 after buying an additional 400 shares during the period.

Carter's Stock Performance

Carter's stock traded down $1.02 during midday trading on Friday, hitting $54.84. The stock had a trading volume of 874,248 shares, compared to its average volume of 1,088,024. Carter's, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03. The company has a market capitalization of $1.98 billion, a PE ratio of 8.70, a P/E/G ratio of 3.43 and a beta of 1.23. The firm's fifty day moving average is $58.10 and its two-hundred day moving average is $62.29. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.84%. Carter's's dividend payout ratio (DPR) is presently 50.79%.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of research reports. Citigroup upgraded 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 reduced their price target on shares of 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $67.67.

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.