TD Private Client Wealth LLC Cuts Holdings in Carter’s, Inc. (NYSE:CRI)

TD Private Client Wealth LLC trimmed its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 36.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 833 shares of the textile maker’s stock after selling 484 shares during the quarter. TD Private Client Wealth LLC’s holdings in Carter’s were worth $54,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased 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 buying an additional 214 shares during the period. Covestor Ltd grew its holdings in Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after purchasing an additional 270 shares during the last quarter. Abich Financial Wealth Management LLC grew its holdings in Carter’s by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after purchasing an additional 346 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Carter’s by 1.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after purchasing an additional 383 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Carter’s by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 396 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CRI shares. Wells Fargo & Company cut 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 report on Monday, October 28th. 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 report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 0.7 %

NYSE:CRI opened at $56.09 on Tuesday. Carter’s, Inc. has a 12 month low of $50.27 and a 12 month high of $88.03. The firm has a fifty day simple moving average of $57.00 and a 200-day simple moving average of $61.84. 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 company has a market capitalization of $2.02 billion, a P/E ratio of 8.90, a PEG ratio of 3.28 and a beta of 1.23.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.71%. Carter’s’s dividend payout ratio is presently 50.79%.

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.