Landscape Capital Management L.L.C. Makes New Investment in Carter's, Inc. (NYSE:CRI)

Landscape Capital Management L.L.C. purchased a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm purchased 67,573 shares of the textile maker's stock, valued at approximately $4,391,000. Landscape Capital Management L.L.C. owned 0.19% of Carter's at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in Carter's during the 1st quarter valued at about $278,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Carter's by 86.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker's stock valued at $1,714,000 after buying an additional 9,295 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Carter's by 173.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker's stock worth $1,456,000 after acquiring an additional 10,897 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Carter's in the first quarter valued at $121,000. Finally, Quadrature Capital Ltd increased its position in Carter's by 43.7% during the 1st quarter. Quadrature Capital Ltd now owns 11,131 shares of the textile maker's stock worth $942,000 after purchasing an additional 3,383 shares in the last quarter.

Wall Street Analysts Forecast Growth

CRI has been the topic of several recent analyst reports. Bank of America reduced their price objective on shares of Carter's from $65.00 to $54.00 and set an "underperform" rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company decreased their price target on shares of Carter's from $72.00 to $65.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Finally, 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 investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $67.67.

Carter's Trading Down 2.0 %

NYSE:CRI opened at $50.95 on Thursday. The business's 50-day moving average is $61.27 and its two-hundred day moving average is $63.50. The firm has a market capitalization of $1.84 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24. Carter's, Inc. has a 12 month low of $50.27 and a 12 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 6.28%. Carter's's payout ratio is currently 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.

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