Quantinno Capital Management LP Acquires New Position in Carter's, Inc. (NYSE:CRI)

Quantinno Capital Management LP acquired a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 11,873 shares of the textile maker's stock, valued at approximately $772,000.

Several other large investors have also made changes to their positions in the business. RWWM Inc. acquired a new stake in Carter's during the second quarter worth about $23,675,000. Pacer Advisors Inc. grew its stake 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 worth $74,928,000 after purchasing an additional 371,681 shares during the period. AQR Capital Management LLC lifted its stake in shares of Carter's by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker's stock valued at $34,212,000 after purchasing an additional 186,894 shares during the period. American Century Companies Inc. boosted its holdings in Carter's by 29.2% during the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock worth $46,918,000 after buying an additional 170,960 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Carter's during the second quarter worth $9,760,000.

Carter's Price Performance

Shares of CRI stock traded up $0.26 on Friday, reaching $55.69. 1,026,875 shares of the company were exchanged, compared to its average volume of 978,935. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 3.28 and a beta of 1.23. Carter's, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. The business has a 50-day moving average price of $57.10 and a 200 day moving average price of $61.93. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.75%. Carter's's payout ratio is currently 50.79%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of 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. Wells Fargo & Company reduced their price target 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. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $67.67.

About Carter's

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.