Carter's, Inc. (NYSE:CRI) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 31.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,652 shares of the textile maker's stock after selling 37,899 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Carter's worth $5,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings in shares of Carter's by 44.4% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Carter's by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker's stock valued at $65,868,000 after purchasing an additional 112,947 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Carter's by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock worth $46,918,000 after acquiring an additional 170,960 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Carter's by 50.7% in the second 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. Finally, Reinhart Partners LLC. lifted its position in Carter's by 13.6% in the 3rd quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker's stock valued at $34,046,000 after acquiring an additional 62,749 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup raised shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price for the company in a report on Tuesday, November 12th. Bank of America dropped 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. Finally, Wells Fargo & Company decreased their price objective 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $67.67.

Carter's Stock Performance

Shares of CRI traded up $1.35 during mid-day trading on Thursday, reaching $52.32. 319,067 shares of the company's stock were exchanged, compared to its average volume of 972,188. Carter's, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03. The stock has a market capitalization of $1.89 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 3.13 and a beta of 1.24. The business's fifty day simple moving average is $61.27 and its 200-day simple moving average is $63.50. 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 Dividend Announcement

The firm 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 $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 6.12%. Carter's's dividend 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.