Quantbot Technologies LP Decreases Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Quantbot Technologies LP decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 37.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,395 shares of the textile maker’s stock after selling 28,853 shares during the quarter. Quantbot Technologies LP owned about 0.13% of Carter’s worth $3,080,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares in the last quarter. Covestor Ltd raised its stake in Carter’s by 15.3% during 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 in the last quarter. Abich Financial Wealth Management LLC increased its position in Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in Carter’s by 1.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock valued at $1,890,000 after acquiring an additional 383 shares during the last quarter. Finally, nVerses Capital LLC increased its position in Carter’s by 20.0% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock valued at $156,000 after acquiring an additional 400 shares during the last quarter.

Carter’s Trading Up 0.5 %

NYSE CRI opened at $55.01 on Thursday. The company’s 50-day moving average price is $59.98 and its 200-day moving average price is $63.03. 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 market cap of $1.98 billion, a PE ratio of 8.73, a PEG ratio of 3.32 and a beta of 1.24. Carter’s, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date is Monday, November 25th. Carter’s’s payout ratio is presently 50.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Citigroup upgraded shares of 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 cut 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 equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.67.

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.