Carter's, Inc. (NYSE:CRI) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board trimmed its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 51.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,969 shares of the textile maker's stock after selling 31,740 shares during the quarter. Ontario Teachers Pension Plan Board owned 0.08% of Carter's worth $1,947,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. RWWM Inc. purchased a new stake in Carter's in the second quarter valued at approximately $23,675,000. Pacer Advisors Inc. raised its holdings in shares of Carter's by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker's stock valued at $74,928,000 after buying an additional 371,681 shares during the period. AQR Capital Management LLC lifted its stake in Carter's by 50.7% during the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker's stock worth $34,212,000 after acquiring an additional 186,894 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in Carter's by 67.3% during the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker's stock valued at $28,580,000 after acquiring an additional 185,458 shares during the period. Finally, American Century Companies Inc. grew its position in Carter's by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock valued at $46,918,000 after acquiring an additional 170,960 shares in the last quarter.

Carter's Stock Down 2.0 %

Shares of CRI stock traded down $1.05 on Wednesday, hitting $50.95. The stock had a trading volume of 816,959 shares, compared to its average volume of 975,091. The stock's 50 day moving average is $61.63 and its 200-day moving average is $63.59. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.25, a P/E/G ratio of 3.24 and a beta of 1.24. Carter's, Inc. has a 52-week low of $50.27 and a 52-week 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.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 6.28%. Carter's's payout ratio is 50.79%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CRI shares. Bank of America decreased their price target 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. Wells Fargo & Company decreased 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. Finally, Citigroup raised Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price target on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Carter's presently has an average rating of "Hold" and an average target price 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.