Carter's, Inc. (NYSE:CRI) Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 5.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,842,267 shares of the textile maker's stock after selling 242,248 shares during the period. JPMorgan Chase & Co. owned 10.66% of Carter's worth $249,671,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in Carter's in the third quarter worth $683,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Carter's by 79.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock worth $9,913,000 after buying an additional 67,460 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Carter's by 48.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock valued at $5,292,000 after buying an additional 26,650 shares during the period. Empowered Funds LLC grew its position in shares of Carter's by 10.4% during the 3rd quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker's stock valued at $7,943,000 after buying an additional 11,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 worth $76,144,000 after acquiring an additional 42,589 shares during the period.

Carter's Stock Performance

Shares of CRI traded up $1.41 during trading hours on Tuesday, reaching $54.19. 889,416 shares of the company's stock traded hands, compared to its average volume of 1,008,529. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.60, a P/E/G ratio of 3.28 and a beta of 1.23. The business's fifty day simple moving average is $55.16 and its two-hundred day simple moving average is $61.00. Carter's, Inc. has a twelve month low of $50.27 and a twelve month 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.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.91%. Carter's's dividend payout ratio (DPR) is 50.79%.

Analyst Ratings Changes

Several research firms have recently commented on CRI. Wells Fargo & Company lowered their target price on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. 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, November 12th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.