Equities analysts expect Carter’s, Inc. (NYSE:CRI) to report earnings of $0.71 per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Carter’s’ earnings, with estimates ranging from $0.69 to $0.73. Carter’s posted earnings of $0.72 per share during the same quarter last year, which would indicate a negative year over year growth rate of 1.4%. The business is scheduled to report its next earnings report on Wednesday, July 26th.
According to Zacks, analysts expect that Carter’s will report full year earnings of $5.62 per share for the current year, with EPS estimates ranging from $5.60 to $5.64. For the next year, analysts anticipate that the firm will post earnings of $6.15 per share, with EPS estimates ranging from $5.95 to $6.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Carter’s.
Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, April 27th. The textile maker reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.13. The business had revenue of $732.80 million for the quarter, compared to analysts’ expectations of $713.98 million. Carter’s had a return on equity of 32.77% and a net margin of 7.82%. Carter’s’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 earnings per share.
CRI has been the topic of a number of recent research reports. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Friday, April 28th. FBR & Co restated a “buy” rating on shares of Carter’s in a research note on Thursday. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Carter’s in a research note on Wednesday, June 21st. CL King restated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Finally, BidaskClub upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.80.
In related news, SVP Jill Wilson sold 4,288 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $92.10, for a total transaction of $394,924.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David Pulver acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were purchased at an average cost of $80.10 per share, for a total transaction of $80,100.00. Following the acquisition, the director now owns 54,331 shares in the company, valued at $4,351,913.10. The disclosure for this purchase can be found here. Company insiders own 3.10% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Carter’s by 10,013.9% in the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock valued at $362,664,000 after buying an additional 3,998,642 shares during the period. Vanguard Group Inc. increased its stake in Carter’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,653,088 shares of the textile maker’s stock valued at $328,048,000 after buying an additional 99,586 shares during the period. Valinor Management L.P. increased its stake in Carter’s by 1.1% in the first quarter. Valinor Management L.P. now owns 1,414,121 shares of the textile maker’s stock valued at $126,988,000 after buying an additional 15,200 shares during the period. SRS Investment Management LLC increased its stake in Carter’s by 28.3% in the first quarter. SRS Investment Management LLC now owns 1,376,173 shares of the textile maker’s stock valued at $123,580,000 after buying an additional 303,696 shares during the period. Finally, State Street Corp increased its stake in Carter’s by 1.3% in the first quarter. State Street Corp now owns 1,299,438 shares of the textile maker’s stock valued at $116,700,000 after buying an additional 16,250 shares during the period. 98.56% of the stock is currently owned by institutional investors.
Carter’s (CRI) traded up 0.49% during mid-day trading on Friday, hitting $86.31. The stock had a trading volume of 297,683 shares. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 17.23 and a beta of 0.32. Carter’s has a one year low of $77.94 and a one year high of $112.58. The stock’s 50 day moving average price is $85.76 and its 200 day moving average price is $87.39.
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Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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