Brokerages expect Carter's, Inc. (NYSE:CRI) to announce earnings per share (EPS) of $2.19 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Carter's’ earnings, with the lowest EPS estimate coming in at $2.17 and the highest estimate coming in at $2.22. Carter's reported earnings per share of $1.79 in the same quarter last year, which suggests a positive year over year growth rate of 22.3%. The business is expected to announce its next earnings report on Thursday, February 22nd.
On average, analysts expect that Carter's will report full-year earnings of $5.63 per share for the current fiscal year, with EPS estimates ranging from $5.61 to $5.68. For the next fiscal year, analysts expect that the firm will post earnings of $6.16 per share, with EPS estimates ranging from $5.94 to $6.33. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Carter's.
Carter's (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The firm had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. During the same period last year, the company earned $1.61 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis.
Several equities analysts have recently weighed in on the company. B. Riley restated a “buy” rating on shares of Carter's in a report on Wednesday, November 1st. BidaskClub downgraded Carter's from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Tuesday, September 26th. Cowen Inc set a $105.00 price objective on Carter's and gave the stock a “hold” rating in a report on Thursday, November 16th. Finally, FBR & Co reiterated a “buy” rating and issued a $111.00 price objective on shares of Carter's in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. Carter's presently has a consensus rating of “Buy” and an average target price of $105.27.
In other Carter's news, Director Paul Fulton sold 8,643 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael Dennis Casey sold 26,524 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $99.14, for a total value of $2,629,589.36. The disclosure for this sale can be found here. Insiders sold a total of 103,627 shares of company stock valued at $10,459,353 over the last quarter. 3.10% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in shares of Carter's by 1,216.2% during the 2nd quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock valued at $302,418,000 after buying an additional 3,141,568 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Carter's by 1,428.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after buying an additional 2,139,567 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Carter's by 137.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after buying an additional 312,412 shares in the last quarter. Chilton Investment Co. LLC purchased a new position in shares of Carter's during the 2nd quarter valued at about $22,229,000. Finally, Old Mutual Global Investors UK Ltd. lifted its position in shares of Carter's by 64.6% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 510,645 shares of the textile maker’s stock valued at $45,421,000 after buying an additional 200,468 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.
Shares of Carter's (NYSE CRI) traded up $0.40 during trading hours on Friday, hitting $106.90. The stock had a trading volume of 241,806 shares, compared to its average volume of 601,940. Carter's has a 1 year low of $77.94 and a 1 year high of $107.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. The company has a market capitalization of $5,058.83, a P/E ratio of 20.36, a PEG ratio of 2.09 and a beta of 0.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.38%. Carter's’s payout ratio is 28.46%.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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