Carter's (CRI) : First National Bank Of Hutchinson reduced its stake in Carter's by 1.02% during the most recent quarter end. The investment management company now holds a total of 8,337 shares of Carter's which is valued at $840,703 after selling 86 shares in Carter's , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Carter's makes up approximately 0.52% of First National Bank Of Hutchinson’s portfolio.
Other Hedge Funds, Including , Huntington National Bank reduced its stake in CRI by selling 543 shares or 57.64% in the most recent quarter. The Hedge Fund company now holds 399 shares of CRI which is valued at $40,235.Ibm Retirement Fund reduced its stake in CRI by selling 216 shares or 4.1% in the most recent quarter. The Hedge Fund company now holds 5,058 shares of CRI which is valued at $561,084. Carter's makes up approx 0.02% of Ibm Retirement Fund’s portfolio.Benjamin F. Edwards Company reduced its stake in CRI by selling 100 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 100 shares of CRI which is valued at $10,873.
Carter's closed down -0.85 points or -0.83% at $101.25 with 7,82,216 shares getting traded on Friday. Post opening the session at $101.88, the shares hit an intraday low of $100.93 and an intraday high of $102.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Carter's reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.66. The company had revenue of $639.50 million for the quarter, compared to analysts expectations of $636.92 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 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 .
Carters Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the childrens apparel industry Carters 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.