Carter's, Inc. (NYSE:CRI) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lowered its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 48.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,701 shares of the textile maker's stock after selling 39,734 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.12% of Carter's worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Carter's by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker's stock valued at $100,422,000 after purchasing an additional 60,089 shares during the last quarter. Pacer Advisors Inc. raised its stake in Carter's by 44.4% in the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker's stock valued at $74,928,000 after buying an additional 371,681 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in 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 valued at $76,144,000 after buying an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Carter's by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker's stock worth $65,868,000 after acquiring an additional 112,947 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Carter's by 29.2% during the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock worth $46,918,000 after acquiring an additional 170,960 shares during the last quarter.

Carter's Stock Performance

NYSE:CRI traded up $0.76 during midday trading on Friday, hitting $51.80. The company's stock had a trading volume of 869,034 shares, compared to its average volume of 946,789. Carter's, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market cap of $1.87 billion, a P/E ratio of 8.22, a P/E/G ratio of 3.28 and a beta of 1.22. The firm's 50 day moving average is $54.09 and its 200-day moving average is $60.30.

Carter's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $0.80 per share. 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 6.18%. Carter's's payout ratio is currently 50.79%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented 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 decreased 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 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.