Carter’s, Inc. (NYSE:CRI) Short Interest Update

Carter’s, Inc. (NYSE:CRI) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 5,120,000 shares, an increase of 5.3% from the January 15th total of 4,860,000 shares. Approximately 14.7% of the shares of the stock are sold short. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 4.6 days.

Carter’s Trading Down 2.0 %

NYSE CRI opened at $51.83 on Wednesday. The firm has a market capitalization of $1.87 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21. The business’s 50-day moving average price is $53.63 and its two-hundred day moving average price is $58.76. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s has a 12 month low of $49.65 and a 12 month high of $88.03.

Institutional Trading of Carter’s

Several institutional investors have recently added to or reduced their stakes in CRI. GAMMA Investing LLC raised its holdings in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s during the third quarter worth $28,000. Jones Financial Companies Lllp raised its stake in Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after buying an additional 507 shares during the period. Finally, Colonial Trust Co SC acquired a new position in Carter’s in the fourth quarter valued at $29,000.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $67.67.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.