Institutional Investors Make Significant Moves in Carter’s Stock

While the broader retail sector continues to face consumer spending headwinds, a notable trend is emerging around children’s apparel company Carter’s. Major institutional investors are substantially increasing their holdings in the stock, suggesting a vote of confidence in the company’s long-term prospects that runs counter to prevailing market sentiment.

Recent regulatory filings reveal aggressive accumulation of Carter’s shares by several institutional players. Most notably, CX Institutional dramatically expanded its stake during the second quarter, boosting its position by an impressive 117.7%. This move involved purchasing an additional 72,573 shares, bringing the firm’s total holdings to 134,219 shares valued at approximately $4 million.

This significant activity from a major investment firm wasn’t isolated. Allworth Financial LP executed an even more... Read more...