Empowered Funds LLC Raises Holdings in Carter's, Inc. (NYSE:CRI)

Empowered Funds LLC lifted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,231 shares of the textile maker's stock after acquiring an additional 11,480 shares during the quarter. Empowered Funds LLC owned approximately 0.34% of Carter's worth $7,943,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in shares of Carter's in the 1st quarter worth about $278,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Carter's by 86.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker's stock worth $1,714,000 after purchasing an additional 9,295 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in Carter's by 14.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 66,142 shares of the textile maker's stock valued at $5,601,000 after acquiring an additional 8,433 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Carter's by 1,349.2% during the 1st quarter. Covestor Ltd now owns 1,855 shares of the textile maker's stock valued at $156,000 after purchasing an additional 1,727 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its holdings in Carter's by 12.5% in the first quarter. Ameritas Investment Partners Inc. now owns 25,131 shares of the textile maker's stock worth $2,128,000 after acquiring an additional 2,800 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently 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 research report on Tuesday. Bank of America cut their price target on Carter's from $65.00 to $54.00 and set an "underperform" rating for the company in a research note on Monday, July 29th. Finally, Wells Fargo & Company reduced their price objective on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. One 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 has a consensus rating of "Hold" and a consensus target price of $67.67.

Carter's Stock Performance

NYSE CRI traded down $0.45 on Friday, hitting $52.84. 918,808 shares of the company's stock were exchanged, compared to its average volume of 975,834. The firm's 50-day moving average price is $62.33 and its two-hundred day moving average price is $63.87. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 8.39, a P/E/G ratio of 3.29 and a beta of 1.24. 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, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date of this dividend is Monday, November 25th. Carter's's dividend payout ratio 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.