Intrepid Capital Management Inc. Sells 2,867 Shares of Carter’s, Inc. (NYSE:CRI)

Intrepid Capital Management Inc. cut its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,788 shares of the textile maker’s stock after selling 2,867 shares during the period. Intrepid Capital Management Inc. owned 0.06% of Carter’s worth $1,416,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRI. RWWM Inc. acquired a new position in shares of Carter’s during the second quarter worth $23,675,000. Pacer Advisors Inc. grew its holdings in shares of Carter’s by 44.4% during the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after buying an additional 371,681 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Carter’s by 50.7% during the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after buying an additional 186,894 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Carter’s by 67.3% during the second quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after buying an additional 185,458 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Carter’s by 29.2% during the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after buying an additional 170,960 shares during the last quarter.

Carter’s Stock Performance

NYSE:CRI traded down $0.66 during mid-day trading on Tuesday, hitting $56.19. The company’s stock had a trading volume of 15,364 shares, compared to its average volume of 973,424. Carter’s, Inc. has a 1 year low of $50.27 and a 1 year high of $88.03. 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 stock has a market cap of $2.03 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 3.28 and a beta of 1.23. The business’s fifty day moving average is $59.15 and its two-hundred day moving average is $62.71.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s payout ratio is 50.79%.

Analyst Upgrades and Downgrades

CRI has been the topic of a number of research analyst reports. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price objective 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company 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.