Ashfield Capital Partners buys $14,312,197 stake in Carter's (CRI)

Carter's (CRI) : Ashfield Capital Partners scooped up 21,549 additional shares in Carter's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 138,859 shares of Carter's which is valued at $14,312,197.Carter's makes up approximately 1.09% of Ashfield Capital Partners’s portfolio.

Other Hedge Funds, Including , Assetmark Inc reduced its stake in CRI by selling 131 shares or 15.25% in the most recent quarter. The Hedge Fund company now holds 728 shares of CRI which is valued at $75,035.Nebula Capital Management Lp reduced its stake in CRI by selling 86,301 shares or 92.95% in the most recent quarter. The Hedge Fund company now holds 6,543 shares of CRI which is valued at $648,346. Carter's makes up approx 5.00% of Nebula Capital Management Lp’s portfolio. Genesee Valley Trust Co added CRI to its portfolio by purchasing 2,093 company shares during the most recent quarter which is valued at $211,058. Carter's makes up approx 0.14% of Genesee Valley Trust Co’s portfolio. Simplex Trading added CRI to its portfolio by purchasing 6,175 company shares during the most recent quarter which is valued at $683,634. Carter's makes up approx 0.09% of Simplex Trading’s portfolio.

Carter's closed down -0.45 points or -0.44% at $101.95 with 3,51,123 shares getting traded on Monday. Post opening the session at $102.66, the shares hit an intraday low of $101.73 and an intraday high of $103.32 and the price fluctuated in this range throughout the day.Shares ended Monday 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. Monness Crespi & Hardt Upgraded Carter's on Aug 8, 2016 to ” Buy”, Price Target of the shares are set at $118.

Carter’s Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry Carter’s 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.

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