Hound Partners Lowers stake in Carter's (CRI)

Carter's (CRI) : Hound Partners reduced its stake in Carter's by 3.96% during the most recent quarter end. The investment management company now holds a total of 2,066,302 shares of Carter's which is valued at $211,589,325 after selling 85,115 shares in Carter's , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Carter's makes up approximately 6.47% of Hound Partners’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in CRI in the latest quarter, The investment management firm added 721 additional shares and now holds a total of 68,475 shares of Carter's which is valued at $7,011,840. Carter's makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio. Delphi Private Advisors added CRI to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $1,126.Utah Retirement Systems reduced its stake in CRI by selling 400 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 9,100 shares of CRI which is valued at $901,719. Carter's makes up approx 0.02% of Utah Retirement Systems’s portfolio.Msi Financial Services Inc reduced its stake in CRI by selling 287 shares or 57.06% in the most recent quarter. The Hedge Fund company now holds 216 shares of CRI which is valued at $21,781.Meeder Asset Management Inc reduced its stake in CRI by selling 976 shares or 42.34% in the most recent quarter. The Hedge Fund company now holds 1,329 shares of CRI which is valued at $147,426. Carter's makes up approx 0.01% of Meeder Asset Management Inc’s portfolio.

Carter's opened for trading at $95.4 and hit $95.84 on the upside on Thursday, eventually ending the session at $95.84, with a gain of 0.58% or 0.55 points. The heightened volatility saw the trading volume jump to 5,65,540 shares. Company has a market cap of $4,798 M.

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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