Wall Street analysts predict that Carter’s, Inc. (NYSE:CRI) will announce sales of $684.12 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Carter’s’ earnings, with the lowest sales estimate coming in at $680.20 million and the highest estimate coming in at $689.50 million. Carter’s posted sales of $692.12 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.2%. The firm is scheduled to report its next earnings results on Thursday, July 26th.
On average, analysts expect that Carter’s will report full year sales of $3.48 billion for the current fiscal year, with estimates ranging from $3.47 billion to $3.50 billion. For the next financial year, analysts expect that the firm will report sales of $3.60 billion per share, with estimates ranging from $3.56 billion to $3.62 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Carter’s.
Get Carter's alerts:Carter’s (NYSE:CRI) last posted its earnings results on Thursday, April 26th. The textile maker reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.11. Carter’s had a return on equity of 35.09% and a net margin of 8.72%. The firm had revenue of $755.79 million during the quarter, compared to analysts’ expectations of $744.23 million. During the same period in the previous year, the firm earned $0.97 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis.
Several research firms have recently issued reports on CRI. SunTrust Banks reaffirmed a “hold” rating and set a $111.00 price target on shares of Carter’s in a research note on Friday, April 27th. They noted that the move was a valuation call. B. Riley set a $127.00 target price on shares of Carter’s and gave the stock a “buy” rating in a research report on Monday, March 26th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $130.00 price objective (down from $137.00) on shares of Carter’s in a report on Monday, April 30th. ValuEngine lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $120.92.
Shares of Carter’s traded up $0.02, reaching $112.16, during trading on Monday, Marketbeat reports. The company had a trading volume of 9,722 shares, compared to its average volume of 677,642. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 1.97 and a beta of 0.43. Carter’s has a one year low of $83.84 and a one year high of $129.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.02 and a current ratio of 4.14.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Tuesday, May 29th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, May 25th. This represents a $1.80 annualized dividend and a yield of 1.60%. Carter’s’s payout ratio is 31.25%.
In related news, Director David Pulver purchased 3,000 shares of Carter’s stock in a transaction that occurred on Tuesday, May 1st. The shares were acquired at an average price of $100.32 per share, with a total value of $300,960.00. Following the completion of the transaction, the director now directly owns 55,664 shares of the company’s stock, valued at approximately $5,584,212.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kevin Doyle Corning sold 3,491 shares of the firm’s stock in a transaction on Friday, June 1st. The shares were sold at an average price of $108.51, for a total value of $378,808.41. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Flinton Capital Management LLC boosted its position in shares of Carter’s by 14.9% during the 4th quarter. Flinton Capital Management LLC now owns 3,216 shares of the textile maker’s stock worth $378,000 after purchasing an additional 416 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Carter’s by 0.8% in the 1st quarter. New York State Teachers Retirement System now owns 66,700 shares of the textile maker’s stock valued at $6,943,000 after purchasing an additional 500 shares during the period. MML Investors Services LLC boosted its position in shares of Carter’s by 28.1% in the 4th quarter. MML Investors Services LLC now owns 2,611 shares of the textile maker’s stock valued at $307,000 after purchasing an additional 572 shares during the period. Meadow Creek Investment Management LLC lifted its stake in Carter’s by 14.9% in the 4th quarter. Meadow Creek Investment Management LLC now owns 4,422 shares of the textile maker’s stock worth $520,000 after acquiring an additional 572 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of Carter’s by 10.7% during the 1st quarter. Profund Advisors LLC now owns 5,928 shares of the textile maker’s stock worth $617,000 after purchasing an additional 573 shares in the last quarter. 96.86% of the stock is owned by hedge funds and other institutional investors.
About Carter’s
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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