Carters Inc Q2 2018 Institutional Investor Sentiment Worse Than Expected

October 2, 2018 - By Nellie Frank

Carter's, Inc. (NYSE:CRI) Logo

Sentiment for Carters Inc (NYSE:CRI)

Carters Inc (NYSE:CRI) institutional sentiment decreased to 1 in 2018 Q2. Its down -0.41, from 1.41 in 2018Q1. The ratio dropped, as 158 investment managers started new or increased positions, while 158 sold and decreased their stakes in Carters Inc. The investment managers in our partner’s database now have: 42.93 million shares, down from 44.01 million shares in 2018Q1. Also, the number of investment managers holding Carters Inc in their top 10 positions increased from 1 to 4 for an increase of 3. Sold All: 44 Reduced: 114 Increased: 110 New Position: 48.

CarterÂ’s, Inc., together with its subsidiaries, designs, sources, and markets branded childrenswear under the CarterÂ’s, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The company has market cap of $4.62 billion. The firm operates through five divisions: CarterÂ’s Retail, CarterÂ’s Wholesale, OshKosh Retail, OshKosh Wholesale, and International. It has a 15.94 P/E ratio. The Company’s CarterÂ’s products include baby products, such as bodysuits, pants, dresses, multi-piece sets, blankets, layette essentials, bibs, and booties; play clothes products comprising knit and woven cotton apparel; sleepwear products consisting of pajamas in cotton, fleece, and ploy-jersey; and other products, including bedding, outerwear, swimwear, footwear, socks, diaper bags, gift sets, toys, and hair accessories.

The stock increased 0.85% or $0.84 during the last trading session, reaching $99.44. About 1.38 million shares traded or 62.49% up from the average. Carter's, Inc. (NYSE:CRI) has risen 6.08% since October 2, 2017 and is uptrending. It has underperformed by 9.54% the S&P500.

Analysts await Carter's, Inc. (NYSE:CRI) to report earnings on October, 25. They expect $1.71 earnings per share, up 0.59 % or $0.01 from last year’s $1.7 per share. CRI’s profit will be $79.46M for 14.54 P/E if the $1.71 EPS becomes a reality. After $0.79 actual earnings per share reported by Carter's, Inc. for the previous quarter, Wall Street now forecasts 116.46 % EPS growth.

Valinor Management L.P. holds 2.31% of its portfolio in Carter's, Inc. for 680,353 shares. Petrus Trust Company Lta owns 100,000 shares or 2.3% of their US portfolio. Moreover, Hallmark Capital Management Inc has 1.98% invested in the company for 149,720 shares. The Massachusetts-based Polaris Capital Management Llc has invested 1.87% in the stock. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 155,087 shares.

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

Ratings analysis reveals 0 of Carter’s’s analysts are positive. Out of 2 Wall Street analysts rating Carter’s, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $10900 while the high is $114. The stock’s average target of $111.50 is 12.13% above today’s ($99.44) share price. CRI was included in 2 notes of analysts from April 24, 2018. Cowen & Co maintained it with “Hold” rating and $10900 target in Tuesday, April 24 report.

More recent Carter's, Inc. (NYSE:CRI) news were published by: Seekingalpha.com which released: “Valuing Carter’s Inc.: A Discounted Cash Flow Analysis” on September 17, 2018. Also Seekingalpha.com published the news titled: “Carter’s Sells Off, But The Value Remains” on September 06, 2018. Seekingalpha.com‘s news article titled: “Wells Fargo stays confident on Carter’s” with publication date: September 26, 2018 was also an interesting one.

Carter's, Inc. (NYSE:CRI) Institutional Positions Chart

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