Empowered Funds LLC Buys 11,480 Shares of Carter’s, Inc. (NYSE:CRI)

Empowered Funds LLC grew its stake in shares of Carter’s, Inc. (NYSE:CRI) by 10.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,231 shares of the textile maker’s stock after buying an additional 11,480 shares during the period. Empowered Funds LLC owned 0.34% of Carter’s worth $7,943,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted 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 during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s during the 3rd quarter worth $28,000. Gladius Capital Management LP purchased a new position in Carter’s in the second quarter worth $30,000. CWM LLC increased 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 acquiring an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter.

Carter’s Stock Down 0.9 %

Shares of NYSE CRI opened at $52.80 on Friday. The firm’s fifty day moving average is $62.33 and its 200 day moving average is $63.90. Carter’s, Inc. has a 52 week low of $50.27 and a 52 week high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 3.29 and a beta of 1.24.

Carter’s Announces Dividend

The company also recently disclosed 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 6.06%. The ex-dividend date is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Analyst Ratings Changes

CRI has been the topic of several recent research reports. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday. Wells Fargo & Company decreased 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. Finally, Bank of America reduced their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.