Natixis Advisors LLC Sells 10,188 Shares of Carter’s, Inc. (NYSE:CRI)

Natixis Advisors LLC cut its position in Carter’s, Inc. (NYSE:CRI) by 37.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,295 shares of the textile maker’s stock after selling 10,188 shares during the quarter. Natixis Advisors LLC’s holdings in Carter’s were worth $1,124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Carter’s during the 3rd quarter worth $28,000. Gladius Capital Management LP bought a new stake in shares of Carter’s during the 2nd quarter worth $30,000. CWM LLC boosted its stake in Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after buying an additional 483 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter.

Carter’s Stock Down 0.9 %

Shares of NYSE CRI opened at $54.77 on Wednesday. The company has a 50 day simple moving average of $60.29 and a 200 day simple moving average of $63.13. 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 1 year low of $50.27 and a 1 year high of $88.03. The firm has a market cap of $1.97 billion, a PE ratio of 8.69, a price-to-earnings-growth ratio of 3.24 and a beta of 1.24.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s payout ratio is currently 50.79%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRI. 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 report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective 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 investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.