Principal Financial Group Inc. Sells 37,899 Shares of Carter’s, Inc. (NYSE:CRI)

Principal Financial Group Inc. lessened its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,652 shares of the textile maker’s stock after selling 37,899 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Carter’s worth $5,436,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares during the last quarter. Covestor Ltd increased its holdings in shares of Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 270 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Carter’s by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 346 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in shares of Carter’s by 1.3% during the 3rd 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 buying an additional 383 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Carter’s by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after buying an additional 396 shares during the period.

Carter’s Stock Performance

NYSE:CRI opened at $54.19 on Thursday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 3.28 and a beta of 1.23. Carter’s, Inc. has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The stock has a fifty day moving average price of $54.69 and a 200-day moving average price of $60.89.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.91%. Carter’s’s payout ratio is 50.79%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.