Carter’s, Inc. (NYSE:CRI) Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its position in Carter’s, Inc. (NYSE:CRI) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,913 shares of the textile maker’s stock after selling 1,857 shares during the period. Tidal Investments LLC owned approximately 0.07% of Carter’s worth $1,749,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CRI. RWWM Inc. acquired a new stake in shares of Carter’s in the 2nd quarter worth $23,675,000. Pacer Advisors Inc. lifted its stake in shares of Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after acquiring an additional 371,681 shares during the period. AQR Capital Management LLC increased its holdings in shares of Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after purchasing an additional 186,894 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after purchasing an additional 170,960 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Carter’s in the 2nd quarter valued at about $9,760,000.

Carter’s Trading Up 1.3 %

CRI opened at $56.84 on Wednesday. The firm has a market capitalization of $2.05 billion, a P/E ratio of 9.02, a P/E/G ratio of 3.28 and a beta of 1.23. The firm’s 50 day moving average is $56.92 and its 200-day moving average is $61.76. Carter’s, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.63%. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently 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 for the company in a report on Monday, October 28th. Citigroup upgraded shares of 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 equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.