Wall Street brokerages expect that Carter’s, Inc. (NYSE:CRI) will report $0.68 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Carter’s’ earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. Carter’s reported earnings of $1.09 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 37.6%. The business is scheduled to report its next earnings results on Thursday, April 25th.
According to Zacks, analysts expect that Carter’s will report full-year earnings of $6.68 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $7.13 per share, with EPS estimates ranging from $6.98 to $7.26. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Carter’s.
Carter’s (NYSE:CRI) last released its earnings results on Monday, February 25th. The textile maker reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.57 by $0.27. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.32 EPS.
Several equities research analysts have recently weighed in on CRI shares. ValuEngine cut shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Wells Fargo & Co dropped their target price on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, January 2nd. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Wednesday, March 13th. Zacks Investment Research downgraded Carter’s from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Finally, Citigroup reiterated a “buy” rating and set a $120.00 price target on shares of Carter’s in a report on Monday, March 18th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Carter’s has a consensus rating of “Hold” and a consensus target price of $108.44.
In other Carter’s news, Director Amy Woods Brinkley sold 2,475 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $96.44, for a total value of $238,689.00. Following the transaction, the director now owns 21,646 shares in the company, valued at $2,087,540.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard F. Westenberger sold 6,185 shares of the stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $98.44, for a total value of $608,851.40. The disclosure for this sale can be found here. Insiders sold 12,660 shares of company stock valued at $1,218,660 over the last 90 days. Corporate insiders own 3.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Dubuque Bank & Trust Co. bought a new stake in Carter’s during the 1st quarter valued at $50,000. Ffcm LLC grew its holdings in shares of Carter’s by 1,761.4% during the fourth quarter. Ffcm LLC now owns 1,638 shares of the textile maker’s stock valued at $134,000 after buying an additional 1,550 shares during the last quarter. Private Advisor Group LLC acquired a new position in shares of Carter’s during the fourth quarter valued at about $211,000. Virtu Financial LLC bought a new stake in shares of Carter’s during the fourth quarter worth about $258,000. Finally, Ramsey Quantitative Systems increased its position in shares of Carter’s by 11.3% during the fourth quarter. Ramsey Quantitative Systems now owns 3,303 shares of the textile maker’s stock worth $270,000 after acquiring an additional 335 shares in the last quarter. Hedge funds and other institutional investors own 95.82% of the company’s stock.
Shares of NYSE:CRI traded up $0.31 during trading on Friday, reaching $102.69. The stock had a trading volume of 458,310 shares, compared to its average volume of 709,661. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 3.19. Carter’s has a 52 week low of $75.66 and a 52 week high of $118.22. The firm has a market cap of $4.68 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.92 and a beta of 0.61.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 11th. This is a positive change from Carter’s’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 1.95%. Carter’s’s dividend payout ratio is currently 31.80%.
Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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