Carter’s (CRI) Scheduled to Post Earnings on Friday

Carter’s (NYSE:CRI) is scheduled to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.24. The firm had revenue of $858.00 million for the quarter, compared to the consensus estimate of $867.81 million. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, analysts expect Carter’s to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Carter’s Trading Down 1.7 %

Shares of Carter’s stock opened at $72.64 on Thursday. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.10 and a beta of 1.29. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.59. Carter’s has a 12-month low of $60.65 and a 12-month high of $88.03. The firm’s 50-day moving average price is $80.15 and its two-hundred day moving average price is $74.76.

Carter’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.41%. This is an increase from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 8th. Carter’s’s dividend payout ratio is presently 51.04%.

Analysts Set New Price Targets

CRI has been the topic of a number of analyst reports. StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Citigroup reduced their price target on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. Wedbush raised their price target on shares of Carter’s from $67.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. UBS Group raised their price target on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Wells Fargo & Company reduced their price target on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.80.

Insider Activity at Carter’s

In related news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares in the company, valued at approximately $835,055.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Carter’s Company Profile

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, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.