Carter Incorporated (NYSE:CRI) Could Burn Your Long Portfolio After More Shorts

September 17, 2017 - By Nellie Frank

 Carter Incorporated (NYSE:CRI) Could Burn Your Long Portfolio After More Shorts

Investors sentiment decreased to 0.76 in Q4 2016. Its down 0.28, from 1.04 in 2016Q3. It dived, as 45 investors sold Carter’s, Inc. shares while 123 reduced holdings. 45 funds opened positions while 82 raised stakes. 45.62 million shares or 0.35% more from 45.46 million shares in 2016Q3 were reported.
First Interstate Comml Bank holds 0% or 100 shares. State Of New Jersey Common Pension Fund D invested in 32,500 shares or 0.01% of the stock. Invesco Limited has 0.02% invested in Carter’s, Inc. (NYSE:CRI) for 662,763 shares. 86,530 were accumulated by Sei Invests Co. Clearbridge Invests Lc reported 104 shares. Amica Pension Fund Board Of Trustees invested 0.09% in Carter’s, Inc. (NYSE:CRI). Cubist Systematic Strategies Ltd Liability reported 0.13% in Carter’s, Inc. (NYSE:CRI). Samlyn Lc invested in 0.18% or 93,775 shares. Norris Perne & French Llp Mi holds 48,212 shares or 0.82% of its portfolio. Bluemountain Cap Mgmt Limited Com owns 1,996 shares. First Manhattan holds 0% or 150 shares. Airain Limited has 5,127 shares for 0.04% of their portfolio. Deutsche Retail Bank Ag holds 0.01% or 107,836 shares in its portfolio. Qs Limited Liability Corp accumulated 18 shares. Gsa Cap Ltd Liability Partnership owns 9,359 shares for 0.05% of their portfolio.

The stock of Carter Incorporated (NYSE:CRI) registered an increase of 14.23% in short interest. CRI’s total short interest was 3.85 million shares in September as published by FINRA. Its up 14.23% from 3.37 million shares, reported previously. With 479,500 shares average volume, it will take short sellers 8 days to cover their CRI’s short positions. The short interest to Carter Incorporated’s float is 8.08%.

The stock increased 0.74% or $0.68 on September 15, reaching $92.47. About 629,246 shares traded or 26.13% up from the average. Carter’s, Inc. (NYSE:CRI) has declined 16.63% since September 17, 2016 and is downtrending. It has underperformed by 33.33% the S&P500.

Carter’s, Inc. is a marketer of apparel for babies and young children in the United States and Canada. The company has market cap of $4.42 billion. The Firm owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). It has a 18.19 P/E ratio. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.

Carter’s, Inc. (NYSE:CRI) Ratings Coverage

Among 14 analysts covering Carter’s (NYSE:CRI), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Carter’s had 25 analyst reports since August 31, 2015 according to SRatingsIntel. The stock of Carter’s, Inc. (NYSE:CRI) earned “Outperform” rating by Oppenheimer on Monday, January 4. Piper Jaffray downgraded Carter’s, Inc. (NYSE:CRI) on Wednesday, September 16 to “Neutral” rating. The rating was maintained by FBR Capital on Friday, April 29 with “Outperform”. The firm has “Buy” rating by FBR Capital given on Friday, June 16. The firm has “Buy” rating given on Tuesday, July 11 by FBR Capital. Cowen & Co initiated Carter’s, Inc. (NYSE:CRI) on Wednesday, July 13 with “Market Perform” rating. CLSA initiated Carter’s, Inc. (NYSE:CRI) on Thursday, September 29 with “Underperform” rating. The stock of Carter’s, Inc. (NYSE:CRI) has “Overweight” rating given on Tuesday, February 14 by Piper Jaffray. As per Thursday, July 27, the company rating was maintained by Cowen & Co. On Tuesday, February 14 the stock rating was upgraded by PiperJaffray to “Overweight”.

More recent Carter’s, Inc. (NYSE:CRI) news were published by: Seekingalpha.com which released: “Carter’s: Ready For Further Appreciation” on September 06, 2017. Also Nasdaq.com published the news titled: “Carter’s, Inc. (CRI) Ex-Dividend Date Scheduled for August 25, 2017” on August 24, 2017. Nasdaq.com‘s news article titled: “Does Carter’s, Inc. (CRI) Make for a Suitable Value Pick Now?” with publication date: August 28, 2017 was also an interesting one.

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