Short Interest in Carter’s, Inc. (NYSE:CRI) Drops By 9.0%

Carter’s, Inc. (NYSE:CRI) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 4,240,000 shares, a decrease of 9.0% from the January 15th total of 4,660,000 shares. Currently, 9.8% of the shares of the company are sold short. Based on an average daily trading volume, of 502,000 shares, the days-to-cover ratio is currently 8.4 days.

CRI has been the subject of a number of recent research reports. UBS Group upped their price objective on Carter’s from $100.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Monness Crespi & Hardt lowered their price objective on Carter’s from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Zacks Investment Research upgraded Carter’s from a “sell” rating to a “hold” rating and set a $114.00 price objective for the company in a research note on Thursday, December 19th. Cfra upgraded Carter’s from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, ValuEngine downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Carter’s presently has an average rating of “Hold” and an average price target of $111.57.

In related news, CEO Michael Dennis Casey sold 20,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $100.06, for a total transaction of $2,001,200.00. Also, EVP Greg Foglesong sold 4,125 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $100.02, for a total value of $412,582.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,125 shares of company stock valued at $4,452,383. 3.20% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC grew its stake in shares of Carter’s by 0.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,421,119 shares of the textile maker’s stock worth $155,385,000 after purchasing an additional 9,010 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Carter’s in the fourth quarter worth $86,493,000. AQR Capital Management LLC grew its stake in shares of Carter’s by 34.4% in the fourth quarter. AQR Capital Management LLC now owns 548,999 shares of the textile maker’s stock worth $60,028,000 after purchasing an additional 140,505 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Carter’s by 4.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 478,225 shares of the textile maker’s stock worth $43,619,000 after purchasing an additional 19,223 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its stake in shares of Carter’s by 19.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 411,326 shares of the textile maker’s stock worth $44,975,000 after purchasing an additional 65,806 shares in the last quarter.

Shares of NYSE:CRI traded up $0.53 on Friday, hitting $110.30. The company’s stock had a trading volume of 199,300 shares, compared to its average volume of 385,755. Carter’s has a 12 month low of $81.54 and a 12 month high of $112.46. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. The stock’s 50-day moving average is $108.90 and its two-hundred day moving average is $99.59. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.03 and a current ratio of 2.53.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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