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

Carter's, Inc. (NYSE:CRI - Get Free Report) saw a large increase in short interest during 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. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is currently 4.6 days. Approximately 14.7% of the company's shares are short sold.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRI. Wells Fargo & Company lowered their target price 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. Citigroup raised Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Carter's has an average rating of "Hold" and an average price target of $67.67.

Carter's Trading Up 0.4 %

NYSE:CRI traded up $0.23 during mid-day trading on Friday, reaching $52.10. 1,024,659 shares of the company's stock traded hands, compared to its average volume of 866,872. Carter's has a 12-month low of $49.65 and a 12-month high of $88.03. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 3.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a 50 day moving average price of $53.44 and a 200-day moving average price of $58.61.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRI. Dynamic Technology Lab Private Ltd purchased a new position in shares of Carter's during the 3rd quarter worth approximately $683,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Carter's by 79.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock worth $9,913,000 after acquiring an additional 67,460 shares during the period. Harbor Capital Advisors Inc. grew its holdings in shares of Carter's by 48.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock worth $5,292,000 after acquiring an additional 26,650 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Carter's by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock worth $76,144,000 after acquiring an additional 42,589 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the period.

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.