Ontario Teachers Pension Plan Board Sells 31,740 Shares of Carter’s, Inc. (NYSE:CRI)

Ontario Teachers Pension Plan Board lessened its position in Carter’s, Inc. (NYSE:CRI) by 51.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,969 shares of the textile maker’s stock after selling 31,740 shares during the quarter. Ontario Teachers Pension Plan Board owned 0.08% of Carter’s worth $1,947,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after buying an additional 214 shares during the period. Covestor Ltd increased its stake in Carter’s by 15.3% in the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after buying an additional 270 shares during the period. Abich Financial Wealth Management LLC increased its stake in Carter’s by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after buying an additional 346 shares during the period. State of New Jersey Common Pension Fund D increased its stake in Carter’s by 1.3% in the 3rd 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 buying an additional 383 shares during the period. Finally, nVerses Capital LLC increased its stake in Carter’s by 20.0% in the 3rd quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock worth $156,000 after buying an additional 400 shares during the period.

Carter’s Stock Down 0.6 %

NYSE:CRI opened at $51.99 on Wednesday. Carter’s, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The stock has a market capitalization of $1.87 billion, a P/E ratio of 8.25, a P/E/G ratio of 3.24 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company’s 50-day simple moving average is $61.63 and its 200-day simple moving average is $63.59.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 6.16%. Carter’s’s payout ratio is 50.79%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America reduced their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company cut their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.67.

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.