US Bancorp DE Sells 538 Shares of Carter’s, Inc. (NYSE:CRI)

US Bancorp DE lessened its stake in shares of Carter’s, Inc. (NYSE:CRI) by 29.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,276 shares of the textile maker’s stock after selling 538 shares during the period. US Bancorp DE’s holdings in Carter’s were worth $83,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC purchased a new stake in Carter’s in the first quarter worth $278,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Carter’s by 86.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock worth $1,714,000 after acquiring an additional 9,295 shares during the period. Covestor Ltd grew its position in Carter’s by 1,349.2% during the first quarter. Covestor Ltd now owns 1,855 shares of the textile maker’s stock valued at $156,000 after buying an additional 1,727 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Carter’s by 12.5% in the first quarter. Ameritas Investment Partners Inc. now owns 25,131 shares of the textile maker’s stock valued at $2,128,000 after purchasing an additional 2,800 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Carter’s by 173.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after purchasing an additional 10,897 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Carter’s Stock Performance

NYSE:CRI opened at $52.84 on Friday. The firm has a 50 day simple moving average of $62.33 and a 200-day simple moving average of $63.87. 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 $1.90 billion, a PE ratio of 8.39, a P/E/G ratio of 3.29 and a beta of 1.24. 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 Announces Dividend

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. This represents a $3.20 dividend on an annualized basis and a yield of 6.06%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio is currently 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.