Anthony Brenner and Pivot Point Capital’s Stock Picks

4. Carter’s, Inc. (NYSE:CRI)

During the second quarter, Pivot Point increased its position in Carter’s, Inc. (NYSE:CRI) by 15% to 180,100 shares worth $16.02 million. The fund acquired a stake in the company during the fourth quarter of 2016 amid Carter’s, Inc. (NYSE:CRI) receiving analyst downgrades and missing both top- and bottom-line estimates in its third-quarter financial results. Since the beginning of the year, the stock has inched down by nearly 2%, even though the company posted better-than-expected profits and revenue for the last three quarters and has raised its dividend earlier this year to $0.37 from $0.33.