Meru Capital Group Lp buys $7,798,170 stake in Carter's (CRI)

Carter's (CRI) : Meru Capital Group Lp scooped up 17,000 additional shares in Carter's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 76,154 shares of Carter's which is valued at $7,798,170.Carter's makes up approximately 2.50% of Meru Capital Group Lp’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De sold out all of its stake in CRI during the most recent quarter. The investment firm sold 10,866 shares of CRI which is valued $1,112,678.Teacher Retirement System Of Texas boosted its stake in CRI in the latest quarter, The investment management firm added 980 additional shares and now holds a total of 7,331 shares of Carter's which is valued at $742,117. Financial Management Professionals added CRI to its portfolio by purchasing 72 company shares during the most recent quarter which is valued at $7,252.Rockefeller Financial Services Inc reduced its stake in CRI by selling 2,059 shares or 1.05% in the most recent quarter. The Hedge Fund company now holds 194,594 shares of CRI which is valued at $21,586,312. Carter's makes up approx 0.42% of Rockefeller Financial Services Inc’s portfolio.

Carter's opened for trading at $96.79 and hit $98.37 on the upside on Monday, eventually ending the session at $97.43, with a gain of 0.72% or 0.7 points. The heightened volatility saw the trading volume jump to 4,27,282 shares. Company has a market cap of $4,877 M.

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. Monness Crespi & Hardt Upgraded Carter's on Aug 8, 2016 to ” Buy”, Price Target of the shares are set at $118.

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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