Virtu Financial LLC Invests $692,000 in Carter’s, Inc. (NYSE:CRI)

Virtu Financial LLC purchased a new stake in Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,656 shares of the textile maker’s stock, valued at approximately $692,000.

Other large investors have also recently bought and sold shares of the company. RWWM Inc. purchased a new position in shares of Carter’s during the second quarter worth about $23,675,000. Pacer Advisors Inc. lifted its position 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 acquiring an additional 371,681 shares during the period. AQR Capital Management LLC grew its stake in shares of Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after purchasing an additional 186,894 shares during the last quarter. American Century Companies Inc. increased 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 valued at $46,918,000 after purchasing an additional 170,960 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Carter’s during the second quarter worth approximately $9,760,000.

Carter’s Price Performance

Shares of NYSE CRI opened at $55.69 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a one year low of $50.27 and a one year high of $88.03. The firm has a market capitalization of $2.01 billion, a P/E ratio of 8.84, a PEG ratio of 3.28 and a beta of 1.23. The company’s fifty day moving average is $57.10 and its two-hundred day moving average is $61.93.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio is currently 50.79%.

Analyst Upgrades and Downgrades

CRI has been the topic of a number of analyst reports. Wells Fargo & Company lowered 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 research report on Monday, October 28th. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $67.67.

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.