Allianz Asset Management GmbH Has $33.92 Million Stock Position in Carter’s, Inc. $CRI

Allianz Asset Management GmbH boosted its holdings in Carter’s, Inc. (NYSE:CRI) by 43.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,201,996 shares of the textile maker’s stock after buying an additional 365,501 shares during the period. Allianz Asset Management GmbH owned approximately 3.30% of Carter’s worth $33,920,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Amalgamated Bank increased its position in Carter’s by 3.5% during the third quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock worth $304,000 after acquiring an additional 360 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Carter’s by 8.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,356 shares of the textile maker’s stock worth $282,000 after purchasing an additional 732 shares during the period. Russell Investments Group Ltd. raised its position in shares of Carter’s by 4.7% during the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after buying an additional 734 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Carter’s by 135.4% in the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after buying an additional 814 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Carter’s by 11.3% in the third quarter. Exchange Traded Concepts LLC now owns 8,826 shares of the textile maker’s stock valued at $249,000 after buying an additional 897 shares during the period.

Analyst Upgrades and Downgrades

CRI has been the subject of several recent research reports. Wells Fargo & Company upped their price target on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. UBS Group raised their target price on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Wall Street Zen raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Finally, Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Carter’s presently has an average rating of “Reduce” and a consensus target price of $32.60.

Carter’s Stock Performance

Carter’s stock opened at $37.97 on Friday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 15.37 and a beta of 1.06. The stock has a fifty day moving average price of $33.89 and a two-hundred day moving average price of $30.84. Carter’s, Inc. has a 52-week low of $23.38 and a 52-week high of $54.58. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 0.95.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Carter’s’s dividend payout ratio (DPR) is presently 40.49%.

Carter’s Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.