Carter Incorporated (NYSE:CRI) Can’t Be More Risky. Short Interest Increased

September 17, 2017 - By Maria Brooks

 Carter Incorporated (NYSE:CRI) Can't Be More Risky. Short Interest Increased

Investors sentiment decreased to 0.76 in Q4 2016. Its down 0.28, from 1.04 in 2016Q3. It fall, 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.
Commonwealth Of Pennsylvania Public School Empls Retrmt invested 0.01% in Carter’s, Inc. (NYSE:CRI). 25,555 are held by Teachers Retirement Systems Of The State Of Kentucky. Moreover, Jpmorgan Chase & has 0.01% invested in Carter’s, Inc. (NYSE:CRI). Credit Suisse Ag has invested 0.01% of its portfolio in Carter’s, Inc. (NYSE:CRI). State Treasurer State Of Michigan reported 0.01% of its portfolio in Carter’s, Inc. (NYSE:CRI). Washington Natl Bank accumulated 6 shares or 0% of the stock. Azimuth Cap Limited Liability Corp reported 34,275 shares. Prelude Mngmt Ltd Llc invested 0.01% of its portfolio in Carter’s, Inc. (NYSE:CRI). Invesco owns 662,763 shares or 0.02% of their US portfolio. Parkwood Limited Liability Corporation stated it has 0.04% of its portfolio in Carter’s, Inc. (NYSE:CRI). Us Commercial Bank De holds 0.03% of its portfolio in Carter’s, Inc. (NYSE:CRI) for 103,748 shares. Credit Agricole S A holds 0% of its portfolio in Carter’s, Inc. (NYSE:CRI) for 13,514 shares. Metropolitan Life Com accumulated 48,156 shares or 0.03% of the stock. Federated Invsts Inc Pa holds 25,690 shares. 635,491 were accumulated by Bancorporation Of Ny Mellon.

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 3.37M 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. Piper Jaffray upgraded Carter’s, Inc. (NYSE:CRI) on Tuesday, February 14 to “Overweight” rating. The stock has “Hold” rating by Zacks on Monday, August 31. The firm earned “Overweight” rating on Tuesday, February 14 by PiperJaffray. The rating was downgraded by Citigroup to “Neutral” on Thursday, December 17. Cowen & Co maintained the shares of CRI in report on Thursday, July 27 with “Hold” rating. The company was maintained on Tuesday, July 11 by FBR Capital. The stock has “Outperform” rating by Wells Fargo on Thursday, October 22. The stock of Carter’s, Inc. (NYSE:CRI) earned “Outperform” rating by FBR Capital on Friday, April 29. Monness Crespi maintained Carter’s, Inc. (NYSE:CRI) rating on Friday, October 28. Monness Crespi has “Buy” rating and $115 target. On Tuesday, September 27 the stock rating was downgraded by Wells Fargo to “Market Perform”.

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

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