Westhampton Capital LLC Cuts Stake in Carter's, Inc. (NYSE:CRI)

Westhampton Capital LLC lessened its position in Carter's, Inc. (NYSE:CRI - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,400 shares of the textile maker's stock after selling 10,000 shares during the period. Westhampton Capital LLC owned about 0.09% of Carter's worth $1,810,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position 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 acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Carter's in the third quarter worth $28,000. Venturi Wealth Management LLC lifted its holdings in shares of Carter's by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Carter's during the third quarter valued at $74,000. Finally, KBC Group NV increased its holdings in Carter's by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock worth $96,000 after buying an additional 1,028 shares in the last quarter.

Carter's Stock Performance

NYSE CRI traded down $1.60 during trading hours on Monday, hitting $52.33. 544,929 shares of the company's stock traded hands, compared to its average volume of 836,861. The business's fifty day moving average price is $54.50 and its two-hundred day moving average price is $59.47. The firm has a market capitalization of $1.89 billion, a P/E ratio of 8.30, a P/E/G ratio of 3.50 and a beta of 1.21. Carter's, Inc. has a 52 week low of $50.25 and a 52 week high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter's Dividend Announcement

The business also recently declared 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. This represents a $3.20 annualized dividend and a yield of 6.12%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's dividend payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

CRI has been the topic of several research analyst reports. Citigroup upgraded shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their price objective 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $67.67.

About Carter's

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.