Zacks: Brokerages Anticipate Carter’s (CRI) Will Announce Earnings of $0.98 Per Share

Equities research analysts expect that Carter’s (NYSE:CRI) will announce $0.98 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Carter’s’ earnings, with estimates ranging from $0.97 to $1.01. Carter’s reported earnings per share of $0.97 during the same quarter last year, which suggests a positive year over year growth rate of 1%. The company is scheduled to report its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Carter’s will report full year earnings of $6.71 per share for the current year, with EPS estimates ranging from $6.59 to $6.88. For the next year, analysts expect that the firm will post earnings of $7.34 per share, with EPS estimates ranging from $7.24 to $7.44. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Carter’s.

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Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 27th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.12. Carter’s had a return on equity of 35.46% and a net margin of 8.90%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the company earned $1.79 EPS. Carter’s’s revenue was up 10.0% on a year-over-year basis.



CRI has been the topic of a number of recent research reports. Zacks Investment Research lowered Carter’s from a “buy” rating to a “hold” rating in a research note on Tuesday, February 20th. Wells Fargo reissued a “market perform” rating and set a $123.00 price target (up previously from $105.00) on shares of Carter’s in a research note on Thursday, January 11th. Oppenheimer increased their price target on Carter’s from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Cowen set a $118.00 price target on Carter’s and gave the stock a “hold” rating in a research note on Friday, February 23rd. Finally, SunTrust Banks initiated coverage on Carter’s in a research note on Thursday, December 21st. They set a “hold” rating and a $126.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. Carter’s presently has an average rating of “Buy” and an average target price of $121.00.

CRI stock traded down $1.96 on Thursday, reaching $106.26. The company had a trading volume of 784,200 shares, compared to its average volume of 875,211. Carter’s has a 1 year low of $79.76 and a 1 year high of $129.00. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.43 and a current ratio of 3.10. The firm has a market cap of $5,096.22, a P/E ratio of 18.45, a PEG ratio of 1.66 and a beta of 0.44.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Monday, March 12th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Friday, March 9th. This is a positive change from Carter’s’s previous quarterly dividend of $0.37. Carter’s’s dividend payout ratio is currently 31.25%.

Carter’s announced that its board has approved a share repurchase program on Tuesday, February 27th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the textile maker to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In other news, insider Brian Lynch sold 26,500 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $116.12, for a total transaction of $3,077,180.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Sei Investments Co. increased its holdings in shares of Carter’s by 4.1% during the 4th quarter. Sei Investments Co. now owns 95,789 shares of the textile maker’s stock worth $11,255,000 after buying an additional 3,769 shares during the last quarter. HBK Investments L P increased its holdings in shares of Carter’s by 68.5% during the 4th quarter. HBK Investments L P now owns 10,865 shares of the textile maker’s stock worth $1,277,000 after buying an additional 4,417 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Carter’s by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 119,192 shares of the textile maker’s stock worth $11,770,000 after buying an additional 7,592 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Carter’s during the 3rd quarter worth $415,000. Finally, Bank of Montreal Can increased its holdings in shares of Carter’s by 14.0% during the 4th quarter. Bank of Montreal Can now owns 29,800 shares of the textile maker’s stock worth $3,501,000 after buying an additional 3,671 shares during the last quarter. Institutional investors and hedge funds own 97.50% of the company’s stock.

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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.

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Earnings History and Estimates for Carter`s (NYSE:CRI)

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