Brokerages Anticipate Carter’s, Inc. (CRI) to Announce $2.58 EPS

Equities analysts predict that Carter’s, Inc. (NYSE:CRI) will announce earnings of $2.58 per share for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Carter’s’ earnings, with the lowest EPS estimate coming in at $2.57 and the highest estimate coming in at $2.60. Carter’s posted earnings of $2.32 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.2%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Carter’s will report full year earnings of $6.05 per share for the current fiscal year, with EPS estimates ranging from $6.03 to $6.08. For the next year, analysts anticipate that the business will post earnings of $6.66 per share, with EPS estimates ranging from $6.48 to $6.83. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Carter’s.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.12). The company had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%.

CRI has been the subject of a number of research analyst reports. Macquarie downgraded shares of Carter’s from an “outperform” rating to a “neutral” rating in a report on Friday, November 2nd. Monness Crespi & Hardt cut their price target on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, October 26th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Wells Fargo & Co cut their price target on shares of Carter’s from $126.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. Finally, TheStreet downgraded shares of Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $111.20.

Shares of NYSE CRI opened at $82.98 on Wednesday. Carter’s has a twelve month low of $82.57 and a twelve month high of $129.00. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.67 and a quick ratio of 1.49. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 1.75 and a beta of 0.56.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 27th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, November 26th. Carter’s’s payout ratio is 31.25%.

In other Carter’s news, Chairman Michael Dennis Casey sold 25,000 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $95.26, for a total transaction of $2,381,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jill Wilson sold 2,835 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $96.27, for a total value of $272,925.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,835 shares of company stock worth $9,606,925. Corporate insiders own 3.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRI. BNP Paribas Arbitrage SA raised its holdings in Carter’s by 66.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,909 shares of the textile maker’s stock worth $749,000 after buying an additional 2,752 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in Carter’s by 56.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 39,000 shares of the textile maker’s stock worth $4,227,000 after buying an additional 14,000 shares during the period. Alps Advisors Inc. raised its holdings in Carter’s by 18.8% during the 2nd quarter. Alps Advisors Inc. now owns 5,112 shares of the textile maker’s stock worth $601,000 after buying an additional 810 shares during the period. Wells Fargo & Company MN raised its holdings in Carter’s by 11.6% during the 2nd quarter. Wells Fargo & Company MN now owns 240,556 shares of the textile maker’s stock worth $26,074,000 after buying an additional 25,096 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Carter’s in the 2nd quarter valued at about $244,000.

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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Earnings History and Estimates for Carter`s (NYSE:CRI)

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