Is Buying Carter Incorporated (NYSE:CRI), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Dolores Ford

 Is Buying Carter Incorporated (NYSE:CRI), Having Higher Short Interest a Winning Strategy?

Investors sentiment decreased to 0.76 in 2016 Q4. Its down 0.28, from 1.04 in 2016Q3. It dropped, as 45 investors sold Carter’s, Inc. shares while 123 reduced holdings. 45 funds opened positions while 82 raised stakes. 45.62 million shares or 0.35% more from 45.46 million shares in 2016Q3 were reported.
Ftb Advsrs Incorporated holds 0.02% or 1,426 shares. 200 are held by Mercer Capital Advisers. Federated Pa has invested 0.01% of its portfolio in Carter’s, Inc. (NYSE:CRI). Employees Retirement System Of Texas accumulated 29,000 shares. 68,131 were reported by National Bank Of Montreal Can. Amalgamated State Bank has invested 0.04% in Carter’s, Inc. (NYSE:CRI). Samlyn Capital Ltd Liability Corp holds 0.18% or 93,775 shares in its portfolio. Advisors Asset Inc stated it has 0.02% of its portfolio in Carter’s, Inc. (NYSE:CRI). Oregon Employees Retirement Fund reported 17,860 shares or 0.03% of all its holdings. Earnest Prns, Georgia-based fund reported 16 shares. Alps Advsrs has 0% invested in Carter’s, Inc. (NYSE:CRI). Waratah Cap Advsrs holds 0.15% or 11,370 shares. Great West Life Assurance Can has 34,802 shares for 0.01% of their portfolio. Clearbridge Investments Lc invested in 104 shares or 0% of the stock. Kcg, New Jersey-based fund reported 13,638 shares.

The stock of Carter Incorporated (NYSE:CRI) registered an increase of 14.23% in short interest. CRI’s total short interest was 3.85M shares in September as published by FINRA. Its up 14.23% from 3.37M shares, reported previously. With 479,500 shares average volume, it will take short sellers 8 days to cover their CRI’s short positions. The short interest to Carter Incorporated’s float is 8.08%.

The stock increased 0.74% or $0.68 on September 15, reaching $92.47. About 629,246 shares traded or 26.13% up from the average. Carter’s, Inc. (NYSE:CRI) has declined 16.63% since September 17, 2016 and is downtrending. It has underperformed by 33.33% the S&P500.

Carter’s, Inc. is a marketer of apparel for babies and young children in the United States and Canada. The company has market cap of $4.42 billion. The Firm owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). It has a 18.19 P/E ratio. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.

Carter’s, Inc. (NYSE:CRI) Ratings Coverage

Among 14 analysts covering Carter’s (NYSE:CRI), 9 have Buy rating, 1 Sell and 4 Hold. Therefore 64% are positive. Carter’s had 25 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was maintained by Bank of America on Friday, September 15 with “Buy”. The stock has “Overweight” rating by PiperJaffray on Tuesday, February 14. Wells Fargo downgraded Carter’s, Inc. (NYSE:CRI) on Tuesday, September 27 to “Market Perform” rating. The company was maintained on Thursday, July 27 by Cowen & Co. The stock has “Neutral” rating by Citigroup on Thursday, December 17. The stock has “Buy” rating by Oppenheimer on Thursday, July 27. The rating was upgraded by Zacks to “Hold” on Monday, August 31. The stock of Carter’s, Inc. (NYSE:CRI) earned “Overweight” rating by Piper Jaffray on Tuesday, February 14. The stock has “Buy” rating by Monness Crespi on Friday, October 28. The firm has “Buy” rating by Citigroup given on Monday, December 19.

More recent Carter’s, Inc. (NYSE:CRI) news were published by: Seekingalpha.com which released: “Carter’s: Ready For Further Appreciation” on September 06, 2017. Also Nasdaq.com published the news titled: “Carter’s, Inc. (CRI) Ex-Dividend Date Scheduled for August 25, 2017” on August 24, 2017. Nasdaq.com‘s news article titled: “Does Carter’s, Inc. (CRI) Make for a Suitable Value Pick Now?” with publication date: August 28, 2017 was also an interesting one.

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