Chase Coleman and Feroz Dewan’s hedge fund Tiger Global just reported increasing its passive stake in Carter’s, Inc. (NYSE:CRI) to 5.65 million shares, from 4.00 million shares disclosed in its latest 13F. The current position held by Tiger Global in Carter’s represents 10.4% of the company’s common stock.
Carter’s net income declined by 4.7% on the year to $2.8 million in the third quarter. Consolidated net sales went up by 13.7% to $760.2 million.
Andreas Halvorsen‘s Viking Global is also a shareholder of Carter’s, with its stake amassing almost 3.0 million at the end of the second quarter of 2013.