Ontario Teachers Pension Plan Board Lowers Stock Position in Carter’s, Inc. (NYSE:CRI)

Ontario Teachers Pension Plan Board cut its position in shares of Carter’s, Inc. (NYSE:CRI) by 51.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 29,969 shares of the textile maker’s stock after selling 31,740 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Carter’s were worth $1,947,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings 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 lifted its holdings 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 lifted its holdings 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 purchasing an additional 346 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings 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 purchasing an additional 383 shares in the last quarter. Finally, nVerses Capital LLC lifted its holdings 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 purchasing an additional 400 shares in the last quarter.

Carter’s Stock Down 0.6 %

Shares of Carter’s stock opened at $51.99 on Wednesday. Carter’s, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03. The company has a 50 day moving average of $61.63 and a 200 day moving average of $63.59. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.87 billion, a P/E ratio of 8.25, a P/E/G ratio of 3.24 and a beta of 1.24.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 6.16%. Carter’s’s dividend payout ratio is currently 50.79%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRI. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. Bank of America decreased their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Finally, Wells Fargo & Company decreased 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 note 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 stock. Based on data from MarketBeat, Carter’s presently has an average rating of “Hold” and a consensus price target of $67.67.

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.