Equities research analysts forecast that Carter’s, Inc. (NYSE:CRI) will post sales of $727.15 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Carter’s’ earnings. The highest sales estimate is $731.00 million and the lowest is $719.95 million. Carter’s reported sales of $696.20 million in the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The business is expected to report its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Carter’s will report full-year sales of $3.53 billion for the current financial year, with estimates ranging from $3.52 billion to $3.54 billion. For the next financial 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’ sales calculations are an average based on a survey of analysts that that provide coverage for Carter’s.

Carter’s (NYSE:CRI) last posted its quarterly 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. The business had revenue of $741.06 million during the quarter, compared to analysts’ expectations of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the company posted $1.09 earnings per share.

Several research firms recently commented on CRI. ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, February 25th. DA Davidson assumed coverage on shares of Carter’s in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 price objective on the stock. Deutsche Bank assumed coverage on shares of Carter’s in a research report on Tuesday, April 16th. They set a “hold” rating and a $99.00 price objective on the stock. Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Citigroup reaffirmed a “buy” rating and set a $120.00 price objective on shares of Carter’s in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Carter’s presently has an average rating of “Hold” and an average price target of $106.92.

In other news, CFO Richard F. Westenberger sold 3,880 shares of Carter’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $106.35, for a total value of $412,638.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kendra Krugman sold 500 shares of Carter’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $108.44, for a total transaction of $54,220.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,223 shares of company stock worth $774,982. Insiders own 3.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Alpha Quant Advisors LLC increased its position in Carter’s by 112.7% during the first quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after acquiring an additional 177 shares during the period. Premia Global Advisors LLC bought a new position in Carter’s during the first quarter worth $44,000. Dubuque Bank & Trust Co. bought a new position in Carter’s during the first quarter worth $50,000. Private Capital Group LLC increased its position in Carter’s by 38.8% during the first quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after acquiring an additional 164 shares during the period. Finally, Cresset Asset Management LLC bought a new position in Carter’s during the first quarter worth $110,000. 95.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of CRI stock traded up $0.20 during trading on Friday, hitting $95.91. 621,500 shares of the company were exchanged, compared to its average volume of 746,500. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68. The stock has a market cap of $4.33 billion, a P/E ratio of 15.25, a P/E/G ratio of 1.88 and a beta of 0.80. Carter’s has a twelve month low of $75.66 and a twelve month high of $118.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Tuesday, May 28th. Carter’s’s payout ratio is presently 31.80%.

About Carter’s

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

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