Wellington Management Group LLP Acquires 60,089 Shares of Carter's, Inc. (NYSE:CRI)

Wellington Management Group LLP boosted its position in Carter's, Inc. (NYSE:CRI - Free Report) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,545,436 shares of the textile maker's stock after purchasing an additional 60,089 shares during the period. Wellington Management Group LLP owned about 4.29% of Carter's worth $100,422,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRI. GAMMA Investing LLC grew its stake in Carter's by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock valued at $26,000 after buying an additional 214 shares during the last quarter. Covestor Ltd grew its position in shares of Carter's by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock valued at $132,000 after purchasing an additional 270 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake in shares of Carter's by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock worth $53,000 after purchasing an additional 346 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Carter's by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock worth $1,890,000 after purchasing an additional 383 shares during the last quarter. Finally, nVerses Capital LLC lifted its holdings in Carter's by 20.0% during the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker's stock worth $156,000 after purchasing an additional 400 shares during the last quarter.

Analyst Upgrades and Downgrades

CRI has been the topic of several recent research reports. Citigroup upgraded Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company lowered 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. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, Carter's has an average rating of "Hold" and an average target price of $67.67.

Carter's Price Performance

Shares of CRI traded up $0.76 during trading hours on Tuesday, hitting $54.92. 964,302 shares of the company were exchanged, compared to its average volume of 978,470. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 8.59, a P/E/G ratio of 3.30 and a beta of 1.23. The firm's fifty day moving average is $57.88 and its 200 day moving average is $62.20.

Carter's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid 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 5.83%. Carter's's payout ratio is 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.