Reinhart Partners LLC. Has $25.35 Million Stock Position in Carter’s, Inc. (NYSE:CRI)

Reinhart Partners LLC. reduced its stake in shares of Carter’s, Inc. (NYSE:CRI) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 467,763 shares of the textile maker’s stock after selling 56,176 shares during the quarter. Reinhart Partners LLC. owned 1.30% of Carter’s worth $25,348,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Carter’s by 112.0% in 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. Covestor Ltd grew its stake in 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 purchasing an additional 270 shares during the period. Abich Financial Wealth Management LLC grew its stake in 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 purchasing an additional 346 shares during the period. State of New Jersey Common Pension Fund D grew its stake in 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 purchasing an additional 383 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in Carter’s by 2.3% during the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 396 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company decreased their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Stock Performance

Shares of CRI traded up $1.20 during mid-day trading on Monday, hitting $52.97. The stock had a trading volume of 438,982 shares, compared to its average volume of 869,362. The firm has a market cap of $1.91 billion, a P/E ratio of 8.41, a PEG ratio of 3.28 and a beta of 1.22. The business has a fifty day moving average price of $54.09 and a 200-day moving average price of $60.30. 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, Inc. has a 52 week low of $50.25 and a 52 week high of $88.03.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 6.04%. Carter’s’s payout ratio is presently 50.79%.

About Carter’s

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.