Holocene Advisors LP Sells 181,373 Shares of Carter's, Inc. (NYSE:CRI)

Holocene Advisors LP lessened its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 44.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 225,151 shares of the textile maker's stock after selling 181,373 shares during the period. Holocene Advisors LP owned about 0.62% of Carter's worth $14,630,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CRI. Pacer Advisors Inc. boosted its position in shares of Carter's by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker's stock valued at $74,928,000 after purchasing an additional 371,681 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Carter's by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock worth $76,144,000 after buying an additional 42,589 shares during the period. Dimensional Fund Advisors LP raised its stake in Carter's by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker's stock worth $65,868,000 after buying an additional 112,947 shares during the period. American Century Companies Inc. raised its stake in Carter's by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock worth $46,918,000 after buying an additional 170,960 shares during the period. Finally, AQR Capital Management LLC raised its stake in Carter's by 50.7% during the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker's stock worth $34,212,000 after buying an additional 186,894 shares during the period.

Wall Street Analysts Forecast Growth

CRI has been the subject of several recent analyst reports. Citigroup upgraded shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their price objective 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 equities research 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, the stock currently has an average rating of "Hold" and a consensus price target of $67.67.

Carter's Price Performance

Carter's stock traded up $0.67 during midday trading on Wednesday, reaching $56.99. 597,262 shares of the stock were exchanged, compared to its average volume of 976,449. The company's fifty day moving average is $58.74 and its 200-day moving average is $62.53. The firm has a market cap of $2.05 billion, a PE ratio of 9.02, a PEG ratio of 3.42 and a beta of 1.23. Carter's, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Monday, November 25th. Carter's's payout ratio is 50.79%.

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.