Royce & Associates LP Has $13.06 Million Holdings in Carter's, Inc. (NYSE:CRI)

Royce & Associates LP cut its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 36.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,909 shares of the textile maker's stock after selling 116,899 shares during the period. Royce & Associates LP owned 0.56% of Carter's worth $13,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position in shares of Carter's by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock worth $26,000 after buying an additional 214 shares during the period. Capital Performance Advisors LLP bought a new stake in Carter's in the third quarter valued at approximately $28,000. Gladius Capital Management LP acquired a new stake in Carter's in the second quarter worth $30,000. CWM LLC boosted its position in shares of Carter's by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker's stock worth $37,000 after purchasing an additional 483 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Carter's by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after buying an additional 500 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on CRI. Citigroup upgraded Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price on the stock in a report on Tuesday, November 12th. Bank of America decreased their price objective on Carter's from $65.00 to $54.00 and set an "underperform" rating for the company in a research report on Monday, July 29th. Finally, 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 note on Monday, October 28th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $67.67.

Carter's Stock Down 0.8 %

Shares of NYSE CRI traded down $0.45 during midday trading on Friday, reaching $52.84. The company's stock had a trading volume of 918,808 shares, compared to its average volume of 1,566,083. The stock has a 50 day simple moving average of $62.33 and a 200-day simple moving average of $63.84. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 3.24 and a beta of 1.24. Carter's, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03.

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.06%. Carter's's dividend payout ratio (DPR) is presently 50.79%.

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.