Hotchkis & Wiley Capital Management LLC Has $9.91 Million Holdings in Carter's, Inc. (NYSE:CRI)

Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 79.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 152,560 shares of the textile maker's stock after purchasing an additional 67,460 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.42% of Carter's worth $9,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRI. Pacer Advisors Inc. grew its holdings in Carter's by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker's stock worth $74,928,000 after acquiring an additional 371,681 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Carter's by 3.8% during 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 purchasing an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 valued at $65,868,000 after purchasing an additional 112,947 shares in the last quarter. American Century Companies Inc. lifted its holdings 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 in the last quarter. Finally, AQR Capital Management LLC lifted its holdings 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 in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRI. Citigroup raised 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 lowered their price objective on 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 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 company currently has a consensus rating of "Hold" and a consensus price target of $67.67.

Carter's Trading Down 2.0 %

Shares of CRI stock traded down $1.15 on Thursday, reaching $55.86. The company had a trading volume of 980,452 shares, compared to its average volume of 976,466. The company has a 50-day moving average of $58.55 and a 200-day moving average of $62.49. Carter's, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03. The stock has a market cap of $2.01 billion, a PE ratio of 9.05, a PEG ratio of 3.39 and a beta of 1.23. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.73%. 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.