Wall Street analysts expect Carter’s, Inc. (NYSE:CRI) to announce sales of $727.15 million for the current quarter, Zacks reports. Four analysts have provided estimates for Carter’s’ earnings. The highest sales estimate is $731.00 million and the lowest is $719.95 million. Carter’s posted sales of $696.20 million during the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The firm is expected to report its next earnings report on Thursday, July 25th.
On average, analysts expect that Carter’s will report full-year sales of $3.53 billion for the current fiscal year, with estimates ranging from $3.52 billion to $3.54 billion. For the next fiscal year, analysts anticipate that the business will post sales of $3.65 billion, with estimates ranging from $3.63 billion to $3.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Carter’s.
Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The firm had revenue of $741.06 million during the quarter, compared to analysts’ expectations of $724.08 million. During the same quarter in the prior year, the firm earned $1.09 EPS. Carter’s’s quarterly revenue was down 1.9% on a year-over-year basis.
NYSE CRI traded down $1.02 on Friday, hitting $88.52. The stock had a trading volume of 797,759 shares, compared to its average volume of 758,195. Carter’s has a one year low of $75.66 and a one year high of $118.22. The company has a current ratio of 2.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Tuesday, May 28th. Carter’s’s dividend payout ratio (DPR) is presently 31.80%.
In other news, Director Amy Woods Brinkley sold 2,475 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $96.44, for a total value of $238,689.00. Following the completion of the transaction, the director now directly owns 21,646 shares in the company, valued at $2,087,540.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jill Wilson sold 2,843 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The disclosure for this sale can be found here. Insiders sold 19,883 shares of company stock valued at $1,993,643 over the last quarter. Insiders own 3.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in Carter’s by 3.4% during the first quarter. Wellington Management Group LLP now owns 4,921,377 shares of the textile maker’s stock worth $496,026,000 after buying an additional 159,676 shares in the last quarter. BlackRock Inc. boosted its holdings in Carter’s by 1.6% during the first quarter. BlackRock Inc. now owns 4,137,856 shares of the textile maker’s stock worth $417,055,000 after buying an additional 64,582 shares in the last quarter. Vanguard Group Inc boosted its holdings in Carter’s by 0.9% during the third quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock worth $382,106,000 after buying an additional 35,282 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Carter’s by 0.6% during the first quarter. Victory Capital Management Inc. now owns 2,558,943 shares of the textile maker’s stock worth $257,915,000 after buying an additional 14,146 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Carter’s by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 1,348,554 shares of the textile maker’s stock worth $110,069,000 after buying an additional 226,089 shares in the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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