Zacks: Analysts Anticipate Carter’s, Inc. (NYSE:CRI) Will Post Earnings of $0.80 Per Share

Wall Street brokerages forecast that Carter’s, Inc. (NYSE:CRI) will post earnings per share of $0.80 for the current quarter, Zacks reports. Four analysts have issued estimates for Carter’s’ earnings, with estimates ranging from $0.79 to $0.82. Carter’s posted earnings of $0.79 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The firm is expected to report its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Carter’s will report full year earnings of $6.64 per share for the current fiscal year, with EPS estimates ranging from $6.59 to $6.68. For the next fiscal year, analysts anticipate that the firm will report earnings of $7.18 per share, with EPS estimates ranging from $7.06 to $7.38. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Carter’s.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The firm had revenue of $741.06 million for the quarter, compared to analysts’ expectations of $724.08 million. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year.

Several equities research analysts have issued reports on CRI shares. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Tuesday, April 2nd. Citigroup reaffirmed a “buy” rating and set a $120.00 target price on shares of Carter’s in a research note on Monday, March 18th. Deutsche Bank started coverage on shares of Carter’s in a research note on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price on the stock. Finally, DA Davidson started coverage on shares of Carter’s in a research note on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 target price on the stock. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $106.13.

CRI traded up $2.08 on Friday, hitting $97.54. 1,082,742 shares of the company’s stock were exchanged, compared to its average volume of 742,825. Carter’s has a fifty-two week low of $75.66 and a fifty-two week high of $118.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68. The firm’s 50-day simple moving average is $92.26. The company has a market capitalization of $4.41 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.91 and a beta of 0.80.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 28th. This represents a $2.00 annualized dividend and a dividend yield of 2.05%. Carter’s’s payout ratio is 31.80%.

In related news, EVP Kendra Krugman sold 500 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.44, for a total value of $54,220.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Richard F. Westenberger sold 3,880 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $106.35, for a total transaction of $412,638.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,223 shares of company stock worth $774,982. Corporate insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Alpha Quant Advisors LLC raised its holdings in Carter’s by 112.7% in the 1st quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock valued at $34,000 after buying an additional 177 shares during the period. Dubuque Bank & Trust Co. purchased a new stake in Carter’s in the 1st quarter valued at about $50,000. Private Capital Group LLC raised its holdings in Carter’s by 38.8% in the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock valued at $59,000 after buying an additional 164 shares during the period. First Quadrant L P CA purchased a new stake in Carter’s in the 1st quarter valued at about $155,000. Finally, Ffcm LLC raised its holdings in Carter’s by 1,761.4% in the 4th 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 period. Hedge funds and other institutional investors own 95.82% of the company’s stock.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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

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