Oak Thistle LLC Buys Shares of 7,571 Carter's, Inc. (NYSE:CRI)

Oak Thistle LLC purchased a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,571 shares of the textile maker's stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRI. GAMMA Investing LLC lifted its position in shares of Carter's by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock worth $26,000 after purchasing an additional 214 shares during the period. Covestor Ltd raised its stake in Carter's by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock worth $132,000 after buying an additional 270 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Carter's by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock worth $53,000 after buying an additional 346 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Carter's by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock valued at $1,890,000 after acquiring an additional 383 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of Carter's by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock worth $1,147,000 after acquiring an additional 396 shares during the period.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of research analyst reports. 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 research note on Monday, October 28th. Citigroup raised Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price objective for the company 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.com, the stock has an average rating of "Hold" and a consensus target price of $67.67.

Carter's Stock Down 0.7 %

NYSE:CRI traded down $0.36 during trading hours on Friday, reaching $53.47. 1,081,630 shares of the company traded hands, compared to its average volume of 996,485. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The business's 50-day moving average price is $54.12 and its two-hundred day moving average price is $60.08. Carter's, Inc. has a 1 year low of $50.25 and a 1 year high of $88.03. The stock has a market capitalization of $1.93 billion, a P/E ratio of 8.49, a P/E/G ratio of 3.36 and a beta of 1.22.

Carter's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's dividend payout ratio (DPR) 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.