Harbor Capital Advisors Inc. Raises Position in Carter's, Inc. (NYSE:CRI)

Harbor Capital Advisors Inc. boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 48.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,435 shares of the textile maker's stock after buying an additional 26,650 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.22% of Carter's worth $5,292,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. State of Michigan Retirement System raised its stake in shares of Carter's by 2.3% in the first quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker's stock valued at $765,000 after buying an additional 200 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Carter's in the 1st quarter valued at about $1,450,000. Janney Montgomery Scott LLC purchased a new stake in Carter's during the first quarter valued at about $278,000. Capstone Investment Advisors LLC bought a new position in Carter's during the first quarter worth about $712,000. Finally, Texas Permanent School Fund Corp increased its stake in shares of Carter's by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker's stock worth $2,729,000 after purchasing an additional 432 shares in the last quarter.

Wall Street Analysts Forecast Growth

CRI has been the subject of several analyst reports. Wells Fargo & Company cut their target price on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Bank of America cut their target price on shares of Carter's from $65.00 to $54.00 and set an "underperform" rating for the company in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $70.00.

Carter's Trading Down 0.6 %

CRI traded down $0.32 on Monday, hitting $53.70. 1,010,659 shares of the company were exchanged, compared to its average volume of 956,111. 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, Inc. has a 12 month low of $53.40 and a 12 month high of $88.03. The firm has a fifty day simple moving average of $65.19 and a two-hundred day simple moving average of $65.13. The stock has a market capitalization of $1.94 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 3.35 and a beta of 1.24.

Carter's Dividend Announcement

The company 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. This represents a $3.20 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Tuesday, August 27th. Carter's's payout ratio is 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.