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

Carter’s, Inc. (NYSE:CRI) was the recipient of a significant increase in short interest in the month of 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 company’s shares are short sold. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 4.6 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Carter’s during the 3rd quarter worth approximately $28,000. Jones Financial Companies Lllp raised its stake in shares of Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 507 shares in the last quarter. Finally, Colonial Trust Co SC bought a new position in shares of Carter’s in the fourth quarter valued at approximately $29,000.

Carter’s Stock Performance

NYSE CRI opened at $51.83 on Wednesday. The company has a market cap of $1.87 billion, a P/E ratio of 8.23, a PEG ratio of 3.27 and a beta of 1.21. The company has a fifty day simple moving average of $53.63 and a 200 day simple moving average of $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.

Analyst Ratings Changes

CRI has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $67.67.

About Carter’s

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.