Quantinno Capital Management LP Invests $772,000 in Carter’s, Inc. (NYSE:CRI)

Quantinno Capital Management LP acquired a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 11,873 shares of the textile maker’s stock, valued at approximately $772,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Carter’s during the third quarter valued at approximately $28,000. Gladius Capital Management LP purchased a new position in Carter’s in the 2nd quarter worth approximately $30,000. CWM LLC increased its holdings in shares of Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after buying an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares in the last quarter.

Carter’s Trading Up 0.5 %

NYSE CRI opened at $55.70 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 8.84, a price-to-earnings-growth 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 stock has a 50-day moving average of $57.10 and a 200-day moving average of $61.95. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRI. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat.com, the stock presently 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.