Wall Street brokerages forecast that Carter's, Inc. (NYSE:CRI) will report sales of $1.03 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Carter's’ earnings, with the highest sales estimate coming in at $1.03 billion and the lowest estimate coming in at $1.02 billion. Carter's posted sales of $934.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is expected to issue its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Carter's will report full-year sales of $1.03 billion for the current fiscal year, with estimates ranging from $3.40 billion to $3.41 billion. For the next fiscal year, analysts anticipate that the company will report sales of $3.58 billion per share, with estimates ranging from $3.50 billion to $3.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Carter's.
A number of brokerages have recently commented on CRI. ValuEngine raised Carter's from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Carter's from a “hold” rating to a “buy” rating and set a $134.00 price objective on the stock in a report on Friday, January 19th. Wells Fargo & Co raised Carter's from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. SunTrust Banks initiated coverage on Carter's in a report on Wednesday, December 27th. They set a “hold” rating and a $126.00 price objective on the stock. Finally, Oppenheimer increased their price objective on Carter's from $112.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $112.69.
Several large investors have recently added to or reduced their stakes in CRI. PNC Financial Services Group Inc. raised its holdings in shares of Carter's by 2.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after acquiring an additional 35 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Carter's by 5.0% in the 2nd quarter. Northern Trust Corp now owns 479,805 shares of the textile maker’s stock valued at $42,679,000 after acquiring an additional 22,799 shares in the last quarter. FMR LLC raised its holdings in shares of Carter's by 36.4% in the 2nd quarter. FMR LLC now owns 443,985 shares of the textile maker’s stock valued at $39,492,000 after acquiring an additional 118,498 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Carter's by 4.2% in the 2nd quarter. California Public Employees Retirement System now owns 111,600 shares of the textile maker’s stock valued at $9,927,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Advisor Group Inc. raised its holdings in shares of Carter's by 2.3% in the 2nd quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock valued at $315,000 after acquiring an additional 79 shares in the last quarter. 98.67% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Carter's (NYSE CRI) traded down $3.85 during midday trading on Monday, hitting $116.47. The stock had a trading volume of 519,718 shares, compared to its average volume of 623,493. Carter's has a 1 year low of $79.40 and a 1 year high of $129.00. 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 stock has a market cap of $5,585.10, a PE ratio of 22.78, a PEG ratio of 1.78 and a beta of 0.32.
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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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