Leeward Investments LLC MA Sells 82,835 Shares of Carter's, Inc. (NYSE:CRI)

Leeward Investments LLC MA decreased its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 57.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,867 shares of the textile maker's stock after selling 82,835 shares during the quarter. Leeward Investments LLC MA owned approximately 0.17% of Carter's worth $4,020,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Harbor Capital Advisors Inc. raised its holdings in Carter's by 48.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock worth $5,292,000 after buying an additional 26,650 shares during the period. EMC Capital Management increased its holdings in shares of Carter's by 194.3% during the 3rd quarter. EMC Capital Management now owns 9,799 shares of the textile maker's stock worth $637,000 after acquiring an additional 6,469 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Carter's during the 3rd quarter worth about $204,000. Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of Carter's by 13.8% during the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 16,854 shares of the textile maker's stock worth $1,095,000 after acquiring an additional 2,046 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Carter's in the 3rd quarter valued at $329,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRI. Wells Fargo & Company reduced 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 research report on Monday, October 28th. Bank of America cut their price objective on Carter's from $65.00 to $54.00 and set an "underperform" rating on the stock in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Carter's currently has a consensus rating of "Hold" and a consensus target price of $70.00.

Carter's Price Performance

Carter's stock traded down $1.40 during mid-day trading on Friday, hitting $50.87. 640,775 shares of the company traded hands, compared to its average volume of 964,224. The stock has a fifty day moving average price of $64.04 and a 200-day moving average price of $64.70. Carter's, Inc. has a one year low of $50.53 and a one year 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. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 8.30, a price-to-earnings-growth ratio of 3.29 and a beta of 1.24.

Carter's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a dividend yield of 6.29%. Carter's's payout ratio is presently 50.79%.

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.