Wall Street analysts predict that Carter's, Inc. (NYSE:CRI) will post sales of $1.03 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Carter's’ earnings. The highest sales estimate is $1.03 billion and the lowest is $1.02 billion. Carter's posted sales of $934.20 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The business is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Carter's will report full year sales of $1.03 billion for the current financial year. For the next fiscal year, analysts forecast that the company will post sales of $3.56 billion per share, with estimates ranging from $3.50 billion to $3.59 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Carter's.

Carter's (NYSE:CRI) last announced its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The firm had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. During the same period last year, the business earned $1.61 EPS. Carter's’s revenue for the quarter was up 5.2% compared to the same quarter last year.

Several brokerages recently commented on CRI. B. Riley reiterated a “buy” rating on shares of Carter's in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Carter's from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, September 26th. Bank of America began coverage on shares of Carter's in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 price target on the stock. FBR & Co reiterated a “buy” rating and set a $111.00 price target on shares of Carter's in a research note on Thursday, October 26th. Finally, Citigroup lifted their price target on shares of Carter's from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. Carter's currently has a consensus rating of “Buy” and an average target price of $105.27.

Shares of Carter's (CRI) traded up $0.97 during trading hours on Friday, reaching $112.89. 796,645 shares of the company traded hands, compared to its average volume of 583,047. Carter's has a 12-month low of $77.94 and a 12-month high of $113.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. The firm has a market cap of $5,342.06, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.21 and a beta of 0.37.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, November 20th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a yield of 1.31%. Carter's’s dividend payout ratio is presently 28.46%.

In other news, EVP Julie D’emilio sold 3,000 shares of Carter's stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $108.25, for a total value of $324,750.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Michael Dennis Casey sold 26,523 shares of Carter's stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $106.86, for a total transaction of $2,834,247.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,507 shares of company stock worth $12,861,396. 3.10% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of CRI. Janney Montgomery Scott LLC boosted its holdings in shares of Carter's by 30.5% in the second quarter. Janney Montgomery Scott LLC now owns 6,330 shares of the textile maker’s stock valued at $563,000 after acquiring an additional 1,480 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Carter's by 0.4% in the second quarter. Great West Life Assurance Co. Can now owns 29,129 shares of the textile maker’s stock valued at $2,589,000 after acquiring an additional 103 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Carter's by 17.7% in the second quarter. Canada Pension Plan Investment Board now owns 21,300 shares of the textile maker’s stock valued at $1,895,000 after acquiring an additional 3,200 shares in the last quarter. Boston Partners purchased a new stake in shares of Carter's in the second quarter valued at about $4,355,000. Finally, Arizona State Retirement System boosted its holdings in shares of Carter's by 1.0% in the second quarter. Arizona State Retirement System now owns 20,400 shares of the textile maker’s stock valued at $1,815,000 after acquiring an additional 200 shares in the last quarter. 98.70% of the stock is currently owned by institutional investors and hedge funds.

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About Carter's

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

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