Carter’s, Inc. $CRI Position Lowered by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Carter’s, Inc. (NYSE:CRI) by 56.0% in the third quarter, Holdings Channel.com reports. The fund owned 36,312 shares of the textile maker’s stock after selling 46,168 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carter’s were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC raised its stake in Carter’s by 269.0% during the second quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock worth $30,000 after acquiring an additional 729 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Carter’s by 135.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after purchasing an additional 814 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Carter’s by 202.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 995 shares during the period. Ameritas Investment Partners Inc. bought a new position in Carter’s during the 2nd quarter worth $110,000. Finally, Covestor Ltd increased its position in Carter’s by 43.1% in the third quarter. Covestor Ltd now owns 4,216 shares of the textile maker’s stock worth $119,000 after buying an additional 1,269 shares during the period.

Carter’s Stock Performance

Carter’s stock opened at $34.62 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 0.95. The company has a market cap of $1.26 billion, a P/E ratio of 14.01 and a beta of 1.07. Carter’s, Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $54.85. The firm’s 50 day simple moving average is $33.42 and its 200-day simple moving average is $30.65.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Carter’s’s dividend payout ratio is 40.49%.

Analysts Set New Price Targets

Several research firms have commented on CRI. Citigroup upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and upped their target price for the stock from $34.00 to $50.00 in a research report on Wednesday, January 21st. The Goldman Sachs Group raised their target price on Carter’s from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Tuesday, January 13th. Zacks Research upgraded Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Wall Street Zen raised Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Finally, Barclays increased their target price on shares of Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $32.60.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.