Brokerages expect that Carter’s (NYSE:CRI) will report $0.54 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Carter’s’ earnings. The highest EPS estimate is $0.56 and the lowest is $0.51. Carter’s reported earnings per share of $0.79 during the same quarter last year, which indicates a negative year over year growth rate of 31.6%. The business is scheduled to report its next earnings report on Thursday, July 26th.
On average, analysts expect that Carter’s will report full year earnings of $6.42 per share for the current year, with EPS estimates ranging from $6.27 to $6.50. For the next fiscal year, analysts anticipate that the business will report earnings of $7.08 per share, with EPS estimates ranging from $6.92 to $7.17. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Carter’s.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, April 26th. The textile maker reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.11. The company had revenue of $755.79 million during the quarter, compared to the consensus estimate of $744.23 million. Carter’s had a return on equity of 35.09% and a net margin of 8.72%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share.
Several brokerages have recently commented on CRI. Zacks Investment Research cut shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. ValuEngine upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Thursday. Monness Crespi & Hardt reiterated a “buy” rating and set a $130.00 price objective (down previously from $137.00) on shares of Carter’s in a research note on Monday, April 30th. Cowen set a $109.00 price objective on shares of Carter’s and gave the company a “hold” rating in a research note on Tuesday, April 24th. Finally, Citigroup lifted their price target on shares of Carter’s from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $121.50.
Shares of Carter’s traded up $1.75, hitting $113.04, during trading hours on Wednesday, Marketbeat reports. 14,365 shares of the company were exchanged, compared to its average volume of 855,920. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.02 and a current ratio of 4.14. Carter’s has a one year low of $79.76 and a one year high of $129.00. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.88 and a beta of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 29th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Friday, May 25th. Carter’s’s dividend payout ratio (DPR) is currently 31.25%.
Carter’s announced that its Board of Directors has initiated a share repurchase plan on Tuesday, February 27th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the textile maker to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other Carter’s news, Director David Pulver acquired 3,000 shares of Carter’s stock in a transaction that occurred on Tuesday, May 1st. The stock was acquired at an average price of $100.32 per share, with a total value of $300,960.00. Following the purchase, the director now owns 55,664 shares in the company, valued at $5,584,212.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian Lynch sold 26,500 shares of Carter’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $116.12, for a total transaction of $3,077,180.00. The disclosure for this sale can be found here. Company insiders own 3.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd acquired a new stake in shares of Carter’s in the 1st quarter valued at $545,000. Wesbanco Bank Inc. acquired a new stake in shares of Carter’s in the 1st quarter valued at $870,000. Xact Kapitalforvaltning AB lifted its stake in shares of Carter’s by 44.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 5,530 shares of the textile maker’s stock valued at $576,000 after purchasing an additional 1,700 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Carter’s by 16.9% in the 1st quarter. Royal Bank of Canada now owns 170,728 shares of the textile maker’s stock valued at $17,772,000 after purchasing an additional 24,701 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its stake in shares of Carter’s by 0.7% in the 1st quarter. Atlantic Trust Group LLC now owns 144,979 shares of the textile maker’s stock valued at $15,093,000 after purchasing an additional 994 shares during the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.
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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