Leeward Investments LLC MA Decreases Holdings in Carter’s, Inc. (NYSE:CRI)

Leeward Investments LLC MA reduced its stake in Carter’s, Inc. (NYSE:CRI) by 57.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 61,867 shares of the textile maker’s stock after selling 82,835 shares during the quarter. Leeward Investments LLC MA’s holdings in Carter’s were worth $4,020,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in Carter’s in the first quarter worth about $1,450,000. Janney Montgomery Scott LLC bought a new position in Carter’s during the first quarter valued at $278,000. Texas Permanent School Fund Corp increased its position in Carter’s by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock worth $2,729,000 after buying an additional 432 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Carter’s by 2.3% in the first quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock valued at $1,116,000 after buying an additional 302 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Carter’s during the 1st quarter valued at $6,991,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRI. Wells Fargo & Company lowered their price objective on 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. Bank of America dropped 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. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, Carter’s presently has a consensus rating of “Hold” and a consensus price target of $70.00.

Carter’s Trading Down 0.7 %

Carter’s stock opened at $52.26 on Friday. The stock has a market cap of $1.88 billion, a P/E ratio of 8.30, a PEG ratio of 3.29 and a beta of 1.24. Carter’s, Inc. has a fifty-two week low of $51.98 and a fifty-two week high of $88.03. The firm’s fifty day moving average price is $64.04 and its 200-day moving average price is $64.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is 50.79%.

Carter’s Company 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.