B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in Carter’s, Inc. (NYSE:CRI)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, Holdings Channel.com reports. The firm bought 16,099 shares of the textile maker’s stock, valued at approximately $1,046,000.

Several other institutional investors also recently bought and sold shares of the stock. Caprock Group LLC boosted its holdings in Carter’s by 42.2% during the 3rd quarter. Caprock Group LLC now owns 8,222 shares of the textile maker’s stock valued at $534,000 after acquiring an additional 2,442 shares during the period. Pathstone Holdings LLC increased its holdings in Carter’s by 6.3% during the 3rd quarter. Pathstone Holdings LLC now owns 24,748 shares of the textile maker’s stock valued at $1,608,000 after purchasing an additional 1,474 shares during the period. Empowered Funds LLC increased its holdings in Carter’s by 10.4% during the 3rd quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock valued at $7,943,000 after purchasing an additional 11,480 shares during the period. Nicola Wealth Management LTD. increased its holdings in Carter’s by 91.6% during the 3rd quarter. Nicola Wealth Management LTD. now owns 71,100 shares of the textile maker’s stock valued at $4,620,000 after purchasing an additional 34,000 shares during the period. Finally, Alexander Randolph Advisory Inc. increased its holdings in Carter’s by 28.0% during the 3rd quarter. Alexander Randolph Advisory Inc. now owns 43,535 shares of the textile maker’s stock valued at $2,829,000 after purchasing an additional 9,530 shares during the period.

Carter’s Stock Performance

Shares of CRI opened at $53.97 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a one year low of $50.27 and a one year high of $88.03. The company has a 50-day simple moving average of $60.58 and a two-hundred day simple moving average of $63.27. The firm has a market capitalization of $1.95 billion, a PE ratio of 8.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.24.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.93%. Carter’s’s dividend payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRI. Bank of America reduced their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Citigroup upgraded 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. Finally, Wells Fargo & Company reduced their price target 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 equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus 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.