Carter’s Inc. (NYSE:CRI) – Analysts at FBR & Co decreased their Q4 2016 earnings per share (EPS) estimates for shares of Carter’s in a research report issued on Wednesday. FBR & Co analyst S. Anderson now forecasts that the firm will earn $1.65 per share for the quarter, down from their prior estimate of $1.66. FBR & Co has a “Buy” rating and a $111.00 price objective on the stock. FBR & Co also issued estimates for Carter’s’ Q3 2017 earnings at $1.85 EPS, Q4 2017 earnings at $1.84 EPS and FY2017 earnings at $5.79 EPS.
Carter’s (NYSE:CRI) last announced its earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.06. The business had revenue of $639 million for the quarter, compared to the consensus estimate of $636.86 million. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. Carter’s’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share.
Several other research firms have also weighed in on CRI. Cowen and Company began coverage on Carter’s in a report on Wednesday, July 13th. They set a “market perform” rating and a $110.00 price target on the stock. Zacks Investment Research lowered Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. Citigroup Inc. reduced their target price on Carter’s from $108.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Monness Crespi & Hardt upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Monday, August 8th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 target price on shares of Carter’s in a research note on Friday, September 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 87.01 on Thursday. The stock has a market capitalization of $4.36 billion, a P/E ratio of 18.70 and a beta of 0.66. The company has a 50-day moving average of $92.64 and a 200-day moving average of $100.84. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58.
A number of large investors have recently modified their holdings of CRI. IFP Advisors Inc increased its stake in shares of Carter’s by 25.2% in the second quarter. IFP Advisors Inc now owns 989 shares of the company’s stock worth $105,000 after buying an additional 199 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Carter’s during the second quarter valued at $106,000. Genesee Valley Trust Co. acquired a new stake in shares of Carter’s during the second quarter valued at $223,000. Advisor Group Inc. acquired a new stake in shares of Carter’s during the second quarter valued at $224,000. Finally, Pacific Global Investment Management CO acquired a new stake in shares of Carter’s during the first quarter valued at $226,000. 90.76% of the stock is currently owned by institutional investors.
In related news, CFO Richard F. Westenberger sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.
Carter’s Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
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