Carter's, Inc. (NYSE:CRI) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. reduced its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 467,763 shares of the textile maker's stock after selling 56,176 shares during the period. Reinhart Partners LLC. owned about 1.30% of Carter's worth $25,348,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Carter's by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock worth $79,000 after purchasing an additional 1,045 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Carter's by 109.8% in the 3rd 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 purchased a new stake in Carter's in the third quarter valued at $692,000. Barclays PLC boosted its stake in Carter's by 58.7% in the third quarter. Barclays PLC now owns 20,077 shares of the textile maker's stock valued at $1,304,000 after acquiring an additional 7,429 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 third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock worth $1,147,000 after purchasing an additional 396 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on CRI shares. Citigroup raised 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. 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 report on Monday, October 28th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Carter's presently has a consensus rating of "Hold" and an average price target of $67.67.

Carter's Price Performance

Shares of NYSE CRI traded up $1.20 during trading on Monday, hitting $52.97. 1,212,873 shares of the company were exchanged, compared to its average volume of 984,810. 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, Inc. has a 1 year low of $50.25 and a 1 year high of $88.03. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 3.28 and a beta of 1.22. The firm's fifty day moving average price is $54.08 and its 200 day moving average price is $60.23.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 6.04%. Carter's's payout ratio is 50.79%.

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.