Dynamic Technology Lab Private Ltd Takes $683,000 Position in Carter’s, Inc. (NYSE:CRI)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,508 shares of the textile maker’s stock, valued at approximately $683,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Carter’s by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after buying an additional 11,265 shares in the last quarter. SG Americas Securities LLC acquired a new position in Carter’s in the 2nd quarter worth about $671,000. Easterly Investment Partners LLC raised its position in Carter’s by 25.2% in the second quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after purchasing an additional 5,484 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Carter’s by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock valued at $5,292,000 after purchasing an additional 26,650 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Carter’s by 10.4% during the third quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock worth $7,943,000 after purchasing an additional 11,480 shares during the last quarter.

Carter’s Stock Up 0.5 %

Shares of NYSE CRI opened at $55.01 on Friday. The company’s 50 day moving average price is $59.66 and its 200-day moving average price is $62.97. 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, Inc. has a 52-week low of $50.27 and a 52-week high of $88.03. The company has a market capitalization of $1.98 billion, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 3.32 and a beta of 1.24.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.82%. Carter’s’s payout ratio is 50.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th. Wells Fargo & Company dropped 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 research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, Carter’s has a consensus rating of “Hold” and a consensus price target of $67.67.

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.