1,134 Shares in Carter’s, Inc. (NYSE:CRI) Acquired by Truvestments Capital LLC

Truvestments Capital LLC bought a new position in Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,134 shares of the textile maker’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Carter’s in the 3rd quarter worth approximately $683,000. Cerity Partners LLC lifted its holdings in Carter’s by 50.7% in the 3rd quarter. Cerity Partners LLC now owns 17,941 shares of the textile maker’s stock worth $1,166,000 after purchasing an additional 6,038 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Carter’s by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after purchasing an additional 42,589 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Carter’s during the third quarter worth approximately $4,391,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Carter’s during the third quarter worth approximately $1,046,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CRI shares. Wells Fargo & Company cut their price target 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. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.67.

Carter’s Stock Performance

CRI opened at $54.77 on Wednesday. The stock has a market cap of $1.97 billion, a PE ratio of 8.69, a P/E/G ratio of 3.24 and a beta of 1.24. 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, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. The stock’s 50 day simple moving average is $60.29 and its 200-day simple moving average is $63.13.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date is Monday, November 25th. Carter’s’s dividend payout ratio is presently 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.