Valinor Management buys $106,791,073 stake in Carter's (CRI)

Carter's (CRI) : Valinor Management scooped up 133,900 additional shares in Carter's during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,151,883 shares of Carter's which is valued at $106,791,073.Carter's makes up approximately 3.91% of Valinor Management’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in CRI in the latest quarter, The investment management firm added 84,974 additional shares and now holds a total of 981,330 shares of Carter's which is valued at $90,979,104. Carter's makes up approx 0.14% of Aqr Capital Management’s portfolio.Comerica Bank reduced its stake in CRI by selling 345 shares or 0.89% in the most recent quarter. The Hedge Fund company now holds 38,372 shares of CRI which is valued at $3,364,073. Carter's makes up approx 0.03% of Comerica Bank’s portfolio.Keybank National Associationoh reduced its stake in CRI by selling 163 shares or 3.77% in the most recent quarter. The Hedge Fund company now holds 4,160 shares of CRI which is valued at $367,453.Ifp Advisors Inc boosted its stake in CRI in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 1,029 shares of Carter's which is valued at $88,587.

Carter's closed down -2.88 points or -3.09% at $90.28 with 4,75,142 shares getting traded on Monday. Post opening the session at $92.62, the shares hit an intraday low of $90.18 and an intraday high of $92.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Carter's reported $1.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $1.67. The company had revenue of $901.40 million for the quarter, compared to analysts expectations of $901.99 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on Carter's. Shares were Reiterated by Monness Crespi & Hardt on Oct 28, 2016 to “Buy” and Lowered the Price Target to $ 115 from a previous price target of $118 .CLSA Initiated Carter's on Sep 29, 2016 to “Underperform”, Price Target of the shares are set at $95.Carter's was Downgraded by Wells Fargo to ” Market Perform” on Sep 27, 2016.

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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