Carter Holdings (CRI) is Upgraded by Oppenheimer to Outperform, Raises Price Target to $108

Carter Holdings (CRI) is Upgraded by Oppenheimer to Outperform according to the research report released to the investors. The brokerage firm has raised the Price Target to $108 from a previous price target of $90 . Earlier the firm had a rating of Perform on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Carters, Inc. has dropped 0.36% during the last 3-month period . Year-to-Date the stock performance stands at 2.94%.

Carters, Inc. (NYSE:CRI) has dropped 0.69% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.29% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.14% and the outperformance increases to 3.65% for the last 4 weeks.

Shares of Carters, Inc. (NYSE:CRI) ended Thursday session in red amid volatile trading. The shares closed down 1.43 points or 1.58% at $89.03 with 461,606 shares getting traded. Post opening the session at $90.14, the shares hit an intraday low of $88.95 and an intraday high of $90.42 and the price vacillated in this range throughout the day. The company has a market cap of $4,629 million and the number of outstanding shares have been calculated to be 51,990,421 shares. The 52-week high of Carters, Inc. (NYSE:CRI) is $109.53 and the 52-week low is $79.85.

Currently the company Insiders own 3.5% of Carters, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -13.65% . Institutional Investors own 94.32% of Carters, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -12.71%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged that Casey Michael Dennis, officer (Chief Executive Officer) of Carters Inc, had unloaded 23,610 shares at an average price of $87.29 in a transaction dated on November 30, 2015. The total value of the transaction was worth $2,060,917.

Carters, Inc. (Carters) is a branded marketer of apparel for babies and young children in the United States. The Company owns two brand names in the childrens apparel industry, Carters and OshKosh. Its Carters brand provides apparel for children sizes ranging from newborn to seven. OshKosh brand provides its line of apparel for children sizes newborn to 12. Its Carters, OshKosh, and related brands are sold to national department stores, chain and specialty stores and discount retailers. As of December 31, 2011, the Company operated 359 Carters and 170 OshKosh outlet and brand retail stores in the United States and 65 retail stores in Canada. On June 30, 2011, the Company acquired Bonnie Togs, a Canadian childrens apparel retailer and a former international licensee. In March 2012, the Company opened its Canadian flagship store at Vaughan Mills, which is a 7,300 square foot store, located at one Bass Pro Mills Drive.