Analysts Anticipate Carter’s, Inc. (NYSE:CRI) Will Post Quarterly Sales of $762.85 Million

Equities research analysts expect Carter’s, Inc. (NYSE:CRI – Get Rating) to report $762.85 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Carter’s’ earnings. The highest sales estimate is $774.90 million and the lowest is $750.80 million. Carter’s posted sales of $746.40 million in the same quarter last year, which suggests a positive year-over-year growth rate of 2.2%. The company is expected to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Carter’s will report full-year sales of $3.58 billion for the current year. For the next financial year, analysts anticipate that the company will post sales of $3.70 billion, with estimates ranging from $3.69 billion to $3.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Carter’s.

Carter’s (NYSE:CRI – Get Rating) last announced its quarterly earnings results on Friday, April 29th. The textile maker reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.27. Carter’s had a net margin of 9.24% and a return on equity of 32.19%. The business had revenue of $781.30 million for the quarter, compared to the consensus estimate of $751.21 million. During the same period last year, the company posted $1.98 EPS. Carter’s’s revenue for the quarter was down .8% on a year-over-year basis.

CRI has been the subject of several research analyst reports. UBS Group boosted their target price on Carter’s from $110.00 to $112.00 and gave the stock a “neutral” rating in a research note on Monday, March 7th. Citigroup upped their price objective on shares of Carter’s from $124.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, February 28th. Wells Fargo & Company reduced their price target on shares of Carter’s from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 5th. Wedbush raised shares of Carter’s from a “neutral” rating to an “outperform” rating and set a $108.00 price target on the stock in a report on Monday, March 7th. Finally, Bank of America downgraded shares of Carter’s from a “buy” rating to an “underperform” rating and lowered their target price for the company from $120.00 to $82.00 in a research note on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.00.

Large investors have recently made changes to their positions in the company. Shapiro Capital Management LLC boosted its stake in shares of Carter’s by 10.3% in the third quarter. Shapiro Capital Management LLC now owns 1,425,461 shares of the textile maker’s stock worth $138,612,000 after acquiring an additional 133,515 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Carter’s by 43.3% in the 4th quarter. American Century Companies Inc. now owns 151,977 shares of the textile maker’s stock valued at $15,383,000 after purchasing an additional 45,893 shares during the last quarter. KBC Group NV acquired a new position in shares of Carter’s in the 4th quarter valued at $72,000. O Shares Investment Advisers LLC lifted its stake in shares of Carter’s by 2.3% in the 4th quarter. O Shares Investment Advisers LLC now owns 6,376 shares of the textile maker’s stock valued at $645,000 after purchasing an additional 144 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new position in Carter’s during the 4th quarter worth about $302,000. Hedge funds and other institutional investors own 97.10% of the company’s stock.

CRI stock opened at $81.01 on Friday. The company has a fifty day moving average price of $91.45 and a two-hundred day moving average price of $96.14. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.45 and a beta of 1.27. Carter’s has a one year low of $80.14 and a one year high of $111.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 0.99.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Tuesday, March 8th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, March 7th. This represents a $3.00 dividend on an annualized basis and a yield of 3.70%. This is an increase from Carter’s’s previous quarterly dividend of $0.60. Carter’s’s dividend payout ratio (DPR) is presently 39.89%.

Carter’s Company Profile (Get Rating)

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

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