Zacks: Analysts Anticipate Carter’s, Inc. (CRI) Will Post Earnings of $0.86 Per Share

Analysts predict that Carter’s, Inc. (NYSE:CRI) will report earnings of $0.86 per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Carter’s’ earnings, with estimates ranging from $0.70 to $1.10. Carter’s posted earnings per share of $1.09 during the same quarter last year, which indicates a negative year-over-year growth rate of 21.1%. The company is expected to issue its next quarterly earnings report on Thursday, April 25th.

According to Zacks, analysts expect that Carter’s will report full year earnings of $6.51 per share for the current year, with EPS estimates ranging from $6.35 to $6.68. For the next financial year, analysts forecast that the firm will post earnings of $7.06 per share, with EPS estimates ranging from $6.95 to $7.26. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Carter’s.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Monday, February 25th. The textile maker reported $2.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.56 by $0.28. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.32 EPS.

CRI has been the topic of a number of research analyst reports. Wells Fargo & Co reduced their price objective on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 2nd. ValuEngine downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Citigroup boosted their price objective on shares of Carter’s from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Zacks Investment Research downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Carter’s has an average rating of “Hold” and a consensus price target of $106.67.

Carter’s stock traded up $1.26 during mid-day trading on Friday, reaching $94.85. 718,422 shares of the company traded hands, compared to its average volume of 761,257. The company has a current ratio of 3.19, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. The company has a market cap of $4.27 billion, a P/E ratio of 15.08, a PEG ratio of 1.75 and a beta of 0.61. Carter’s has a 52-week low of $75.66 and a 52-week high of $118.22.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Monday, March 11th. This is a boost from Carter’s’s previous quarterly dividend of $0.45. Carter’s’s payout ratio is 31.80%.

In other news, Director David Pulver purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 19th. The shares were bought at an average price of $80.10 per share, for a total transaction of $80,100.00. Following the purchase, the director now directly owns 65,517 shares in the company, valued at approximately $5,247,911.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie D’emilio sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.78, for a total transaction of $371,120.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,660 shares of company stock worth $1,218,660. Company insiders own 3.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Cascade Investment Advisors Inc. boosted its stake in Carter’s by 2.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock worth $638,000 after purchasing an additional 160 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Carter’s by 31.2% during the 3rd quarter. GW&K Investment Management LLC now owns 233,418 shares of the textile maker’s stock valued at $23,015,000 after acquiring an additional 55,529 shares during the period. Neuberger Berman Group LLC lifted its stake in Carter’s by 5.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 8,547 shares of the textile maker’s stock valued at $843,000 after acquiring an additional 447 shares during the period. Mackenzie Financial Corp lifted its stake in Carter’s by 20.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,348,554 shares of the textile maker’s stock valued at $110,069,000 after acquiring an additional 226,089 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Carter’s by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 465,604 shares of the textile maker’s stock valued at $45,906,000 after acquiring an additional 8,631 shares during the period. Institutional investors own 99.94% 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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

Read More: What is Call Option Volume?

Get a free copy of the Zacks research report on Carter’s (CRI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.