Short Interest Coverage: Today Carter Incorporated (NYSE:CRI) Reported Increase in Shorted Shares

November 28, 2016 - By Richard Conner   ·   0 Comments

Short Interest Coverage: Today Carter Incorporated (NYSE:CRI) Reported Increase in Shorted Shares

The stock of Carter Incorporated (NYSE:CRI) registered an increase of 15.53% in short interest. CRI’s total short interest was 2.29M shares in November as published by FINRA. Its up 15.53% from 1.98 million shares, reported previously. With 969,500 shares average volume, it will take short sellers 2 days to cover their CRI’s short positions. The short interest to Carter Incorporated’s float is 4.66%. About 166,415 shares traded hands. Carter’s, Inc. (NYSE:CRI) has declined 11.30% since April 25, 2016 and is downtrending. It has underperformed by 17.32% 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 a market cap of $4.57 billion. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. It has a 19.36 P/E ratio. The Company’s international segment includes Company-operated retail stores, wholesale and online activities in addition to royalty income from its international licensees.

Insitutional Activity: The institutional sentiment increased to 1.04 in 2016 Q2. Its up 0.17, from 0.87 in 2016Q1. The ratio improved, as 41 funds sold all Carter’s, Inc. shares owned while 121 reduced positions. 25 funds bought stakes while 116 increased positions. They now own 43.89 million shares or 6.17% less from 46.77 million shares in 2016Q1.
Paloma Ptnrs Mgmt accumulated 12,395 shares or 0.01% of the stock. Pacad Investment holds 0.14% of its portfolio in Carter’s, Inc. (NYSE:CRI) for 9,600 shares. The United Kingdom-based Blackrock Gru Limited has invested 0% in Carter’s, Inc. (NYSE:CRI). Babson Capital Management Lc reported 5,100 shares or 0.01% of all its holdings. Mizuho Trust & has invested 0.02% of its portfolio in Carter’s, Inc. (NYSE:CRI). Moore Capital Mgmt L P has 0.35% invested in the company for 85,000 shares. State Board Of Administration Of Florida Retirement Systems last reported 0.02% of its portfolio in the stock. Kcg Holdg reported 3,102 shares or 0.01% of all its holdings. Legacy Cap Ptnrs, a Wisconsin-based fund reported 4,975 shares. Fund Mgmt last reported 79,142 shares in the company. Hl Financial Services Limited Liability Corp holds 0.01% of its portfolio in Carter’s, Inc. (NYSE:CRI) for 3,512 shares. Boston Advsr Ltd Company accumulated 20,593 shares or 0.05% of the stock. Intrust Commercial Bank Na last reported 3,506 shares in the company. Stifel Fin has 8,293 shares for 0% of their US portfolio. Cornerstone Advsrs owns 341 shares or 0.04% of their US portfolio.

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

Out of 8 analysts covering Carter’s (NYSE:CRI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Carter’s has been the topic of 10 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The rating was initiated by Wells Fargo on Thursday, October 22 with “Outperform”. Oppenheimer upgraded the shares of CRI in a report on Monday, January 4 to “Outperform” rating. Cowen & Co initiated the shares of CRI in a report on Wednesday, July 13 with “Market Perform” rating. As per Monday, August 31, the company rating was upgraded by Zacks. As per Tuesday, September 27, the company rating was downgraded by Wells Fargo. Monness Crespi maintained the shares of CRI in a report on Friday, October 28 with “Buy” rating. The stock of Carter’s, Inc. (NYSE:CRI) earned “Outperform” rating by FBR Capital on Friday, April 29. The company was initiated on Thursday, September 29 by CLSA. Piper Jaffray downgraded the shares of CRI in a report on Wednesday, September 16 to “Neutral” rating. On Thursday, December 17 the stock rating was downgraded by Citigroup to “Neutral”.

CRI Company Profile

Carter’s, Inc. (Carter’s), incorporated on September 30, 2003, is a marketer of apparel for babies and young children in the United States and Canada. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. The Company’s international segment includes Company-operated retail stores, wholesale and online activities in addition to royalty income from its international licensees. The Firm owns over two brand names in the children’s apparel industry: Carter’s and OshKosh B’gosh (OshKosh). The Firm offers various product categories, including baby, sleepwear, playclothes and related accessories.

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By Richard Conner

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