Entropy Technologies LP Has $227,000 Stake in Carter’s, Inc. (NYSE:CRI)

Entropy Technologies LP lessened its stake in shares of Carter’s, Inc. (NYSE:CRI) by 54.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,488 shares of the textile maker’s stock after selling 4,128 shares during the period. Entropy Technologies LP’s holdings in Carter’s were worth $227,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of Carter’s by 44.4% during the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after purchasing an additional 371,681 shares during the period. Dimensional Fund Advisors LP raised its stake in Carter’s by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after buying an additional 112,947 shares during the period. American Century Companies Inc. boosted its holdings in Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after acquiring an additional 170,960 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Carter’s by 50.7% in the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after acquiring an additional 186,894 shares in the last quarter. Finally, Reinhart Partners LLC. grew its stake in Carter’s by 13.6% in the third quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker’s stock valued at $34,046,000 after acquiring an additional 62,749 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Bank of America cut their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company dropped their price objective on shares of 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. Finally, Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. 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 stock currently has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Performance

Shares of CRI stock opened at $52.84 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. The firm has a 50-day moving average of $62.33 and a 200-day moving average of $63.87. Carter’s, Inc. has a one year low of $50.27 and a one year high of $88.03. The company has a market cap of $1.90 billion, a P/E ratio of 8.39, a P/E/G ratio of 3.29 and a beta of 1.24.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.06%. Carter’s’s dividend payout ratio (DPR) is 50.79%.

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.