Meru Capital Group Lp buys $5.9 Million stake in Carter's (CRI)

Carter's (CRI) : Meru Capital Group Lp scooped up 12,539 additional shares in Carter's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 59,154 shares of Carter's which is valued at $5.9 Million.Carter's makes up approximately 1.90% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc boosted its stake in CRI in the latest quarter, The investment management firm added 1,207 additional shares and now holds a total of 6,580 shares of Carter's which is valued at $653,657. Carter's makes up approx 0.04% of Clinton Group Inc’s portfolio.Employees Retirement System Of Texas reduced its stake in CRI by selling 7,000 shares or 19.44% in the most recent quarter. The Hedge Fund company now holds 29,000 shares of CRI which is valued at $2.9 Million. Carter's makes up approx 0.04% of Employees Retirement System Of Texas’s portfolio.Cornerstone Capital Management Holdings. boosted its stake in CRI in the latest quarter, The investment management firm added 61,702 additional shares and now holds a total of 75,302 shares of Carter's which is valued at $7.5 Million. Carter's makes up approx 0.06% of Cornerstone Capital Management Holdings.’s portfolio.Tiaa Cref Investment Management boosted its stake in CRI in the latest quarter, The investment management firm added 206,815 additional shares and now holds a total of 681,648 shares of Carter's which is valued at $70.2 Million. Carter's makes up approx 0.05% of Tiaa Cref Investment Management’s portfolio.

Carter's opened for trading at $101.07 and hit $101.87 on the upside on Wednesday, eventually ending the session at $101.35, with a gain of 0.08% or 0.08 points. The heightened volatility saw the trading volume jump to 2,37,716 shares. Company has a market cap of $5,146 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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