Mutual of America Capital Management LLC Sells 1,369 Shares of Carter’s, Inc. (NYSE:CRI)

Mutual of America Capital Management LLC reduced its stake in Carter’s, Inc. (NYSE:CRI) by 6.6% in the third quarter, Holdings Channel.com reports. The fund owned 19,530 shares of the textile maker’s stock after selling 1,369 shares during the period. Mutual of America Capital Management LLC’s holdings in Carter’s were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its holdings in Carter’s by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after purchasing an additional 371,681 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Carter’s by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after buying an additional 112,947 shares during the period. American Century Companies Inc. lifted its holdings in shares of Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after buying an additional 170,960 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Carter’s by 50.7% in the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after acquiring an additional 186,894 shares during the period. Finally, Reinhart Partners LLC. boosted its position in shares of Carter’s by 13.6% in the third quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker’s stock valued at $34,046,000 after acquiring an additional 62,749 shares during the period.

Carter’s Price Performance

Shares of NYSE:CRI opened at $55.28 on Tuesday. The company’s fifty day moving average price is $60.29 and its 200-day moving average price is $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. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 3.24 and a beta of 1.24. Carter’s, Inc. has a one year low of $50.27 and a one year high of $88.03.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.79%. Carter’s’s dividend payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased 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 report 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 on the stock in a report on Monday, July 29th. Finally, 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, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Carter’s 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.