Jgp Global Gestao De Recursos Ltda. Lowers stake in Carter's (CRI)

Carter's (CRI) : Jgp Global Gestao De Recursos Ltda. reduced its stake in Carter's by 91.25% during the most recent quarter end. The investment management company now holds a total of 10,095 shares of Carter's which is valued at $1 Million after selling 105,224 shares in Carter's , the firm said in a disclosure report filed with the SEC on May 12, 2016.Carter's makes up approximately 2.75% of Jgp Global Gestao De Recursos Ltda.’s portfolio.

Other Hedge Funds, Including , Meeder Asset Management Inc reduced its stake in CRI by selling 992 shares or 30.09% in the most recent quarter. The Hedge Fund company now holds 2,305 shares of CRI which is valued at $228,979. Carter's makes up approx 0.02% of Meeder Asset Management Inc’s portfolio.Coconut Grove Bank reduced its stake in CRI by selling 445 shares or 40.64% in the most recent quarter. The Hedge Fund company now holds 650 shares of CRI which is valued at $64,571. Carter's makes up approx 0.06% of Coconut Grove Bank’s portfolio.Blackrock Japan Ltd boosted its stake in CRI in the latest quarter, The investment management firm added 8,621 additional shares and now holds a total of 8,976 shares of Carter's which is valued at $891,676. Globeflex Capital L P added CRI to its portfolio by purchasing 5,175 company shares during the most recent quarter which is valued at $533,232. Carter's makes up approx 0.15% of Globeflex Capital L P’s portfolio.Seven Bridges Advisors boosted its stake in CRI in the latest quarter, The investment management firm added 2,777 additional shares and now holds a total of 14,727 shares of Carter's which is valued at $1.5 Million. Carter's makes up approx 1.22% of Seven Bridges Advisors’s portfolio.

Carter's opened for trading at $99.76 and hit $101.72 on the upside on Friday, eventually ending the session at $100.97, with a gain of 1.72% or 1.71 points. The heightened volatility saw the trading volume jump to 5,65,039 shares. Company has a market cap of $5,126 M.

On the company’s financial health, Carter's reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.00. The company had revenue of $724.00 million for the quarter, compared to analysts expectations of $715.84 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Carter's. Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 111 from a previous price target of $104 .

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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