Carter's (NYSE:CRI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of +15% to $6.62 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.66. The company issued revenue guidance of +5% to ~$3.57 billion, compared to the consensus revenue estimate of $3.60 billion.
Shares of Carter's (NYSE:CRI) traded up $0.15 during midday trading on Wednesday, reaching $117.13. 181,607 shares of the company were exchanged, compared to its average volume of 661,451. Carter's has a 52 week low of $79.76 and a 52 week high of $129.00. The stock has a market cap of $5,809.88, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.82 and a beta of 0.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20.
Carter's (NYSE:CRI) last posted its earnings results on Tuesday, February 27th. The textile maker reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.12. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $1.79 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. equities research analysts predict that Carter's will post 5.64 earnings per share for the current year.
A number of equities research analysts have commented on the stock. B. Riley reaffirmed a buy rating on shares of Carter's in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Carter's from a buy rating to a hold rating in a research report on Wednesday, January 10th. Citigroup lifted their target price on shares of Carter's from $132.00 to $134.00 and gave the stock a buy rating in a research report on Wednesday. Wells Fargo & Co raised shares of Carter's from a market perform rating to an outperform rating in a research report on Thursday, January 25th. Finally, Oppenheimer lifted their target price on shares of Carter's from $112.00 to $125.00 and gave the stock an outperform rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $119.08.
In other news, EVP Greg Foglesong sold 6,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total transaction of $707,880.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Julie D’emilio sold 3,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $108.25, for a total transaction of $324,750.00. The disclosure for this sale can be found here. 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 owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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