Carter’s, Inc. (NYSE:CRI) Shares Sold by Needham Investment Management LLC

Needham Investment Management LLC trimmed its position in shares of Carter’s, Inc. (NYSE:CRI) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,550 shares of the textile maker’s stock after selling 8,200 shares during the period. Needham Investment Management LLC owned 0.50% of Carter’s worth $11,667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Carter’s by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after buying an additional 11,265 shares during the period. Comerica Bank grew its stake in shares of Carter’s by 4.8% in the first quarter. Comerica Bank now owns 37,267 shares of the textile maker’s stock worth $3,156,000 after purchasing an additional 1,702 shares in the last quarter. Swedbank AB acquired a new position in shares of Carter’s during the first quarter valued at $547,000. CWM LLC increased its holdings in shares of Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Carter’s during the second quarter valued at about $671,000.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRI. Citigroup raised 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 note on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Price Performance

CRI stock traded down $0.74 on Tuesday, hitting $56.11. 130,066 shares of the company’s stock traded hands, compared to its average volume of 973,818. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 8.92, 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 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 fifty day moving average of $59.15 and a 200-day moving average of $62.71.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio is presently 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.