Carter's (CRI) : Rs Investment Management Co reduced its stake in Carter's by 20.63% during the most recent quarter end. The investment management company now holds a total of 595,896 shares of Carter's which is valued at $60,090,153 after selling 154,843 shares in Carter's , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Carter's makes up approximately 0.59% of Rs Investment Management Co’s portfolio.
Other Hedge Funds, Including , Boston Advisors boosted its stake in CRI in the latest quarter, The investment management firm added 248 additional shares and now holds a total of 20,593 shares of Carter's which is valued at $2,076,598. Carter's makes up approx 0.05% of Boston Advisors’s portfolio. Cibc World Markets sold out all of its stake in CRI during the most recent quarter. The investment firm sold 2,691 shares of CRI which is valued $298,513.Eagle Boston Investment Management Inc boosted its stake in CRI in the latest quarter, The investment management firm added 4,055 additional shares and now holds a total of 151,432 shares of Carter's which is valued at $16,765,037. Carter's makes up approx 2.19% of Eagle Boston Investment Management Inc’s portfolio. Washington Trust Bank added CRI to its portfolio by purchasing 49 company shares during the most recent quarter which is valued at $5,302.
Carter's closed down -0.85 points or -0.83% at $101.25 with 7,82,216 shares getting traded on Friday. Post opening the session at $101.88, the shares hit an intraday low of $100.93 and an intraday high of $102.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Carter's reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.66. The company had revenue of $639.50 million for the quarter, compared to analysts expectations of $636.92 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Carter's. Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 111 from a previous price target of $104 .
Carters Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the childrens apparel industry Carters and OshKosh. The Company operates through five business segments: Carter’s retail Carter’s wholesale OshKosh retail OshKosh wholesale and International. It offers multiple product categories including baby sleepwear playclothes and related accessories. As of January 3 2015 the Company had approximately 18000 wholesale locations (including national department stores chain and specialty stores and discount retailers) 855 Company-operated stores and its Websites. As of January 3 2015 the Company operated 531 Carter’s and 200 OshKosh outlet brand and specialty stores in the United States. As of January 3 2015 its products are sold through 124 Company-operated stores in Canada in addition to its international wholesale licensing and online channels.