Carter’s, Inc. (NYSE:CRI) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC cut its holdings in Carter’s, Inc. (NYSE:CRI) by 5.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,174 shares of the textile maker’s stock after selling 414 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Carter’s were worth $466,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares during the period. Covestor Ltd increased its stake in shares of Carter’s by 15.3% during the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after acquiring an additional 270 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Carter’s by 1.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after acquiring an additional 383 shares during the period. Finally, nVerses Capital LLC increased its stake in shares of Carter’s by 20.0% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock worth $156,000 after acquiring an additional 400 shares during the period.

Analyst Upgrades and Downgrades

CRI has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target 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. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Stock Up 1.3 %

CRI stock opened at $56.84 on Wednesday. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The company has a market cap of $2.05 billion, a P/E ratio of 9.02, a P/E/G ratio of 3.28 and a beta of 1.23. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $56.92 and its 200 day moving average price is $61.76.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.63%. The ex-dividend date was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 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.