Principal Financial Group Inc. Sells 37,899 Shares of Carter's, Inc. (NYSE:CRI)

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

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its holdings in shares of Carter's by 109.8% in the third quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker's stock valued at $2,468,000 after buying an additional 20,210 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Carter's during the 3rd quarter worth about $692,000. Barclays PLC boosted its position in shares of Carter's by 58.7% during the third quarter. Barclays PLC now owns 20,077 shares of the textile maker's stock worth $1,304,000 after purchasing an additional 7,429 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Carter's by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock valued at $1,147,000 after acquiring an additional 396 shares during the period. Finally, Dean Investment Associates LLC increased its stake in Carter's by 116.5% during the 3rd quarter. Dean Investment Associates LLC now owns 62,182 shares of the textile maker's stock worth $4,041,000 after purchasing an additional 33,457 shares in the last quarter.

Carter's Stock Down 0.7 %

Shares of NYSE:CRI traded down $0.38 during midday trading on Thursday, hitting $53.81. 589,848 shares of the company's stock were exchanged, compared to its average volume of 1,008,529. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock has a 50 day moving average price of $54.69 and a 200-day moving average price of $60.89. The company has a market cap of $1.94 billion, a PE ratio of 8.54, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. Carter's, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.95%. Carter's's dividend payout ratio is currently 50.79%.

Analyst Ratings Changes

Several equities research analysts have commented on CRI shares. Wells Fargo & Company cut 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. Citigroup upgraded shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $67.67.

Carter's 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.