Brokerages expect that Carter’s, Inc. (NYSE:CRI) will announce $727.15 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Carter’s’ earnings. The lowest sales estimate is $719.95 million and the highest is $731.00 million. Carter’s reported sales of $696.20 million during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The company is scheduled to issue its next quarterly 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 year, with estimates ranging from $3.52 billion to $3.54 billion. For the next year, analysts anticipate that the firm will report 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 cover Carter’s.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $741.06 million for 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share.

A number of analysts have weighed in on the stock. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Zacks Investment Research cut shares of Carter’s from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. DA Davidson assumed coverage on shares of Carter’s in a report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 target price on the stock. Deutsche Bank assumed coverage on shares of Carter’s in a report on Tuesday, April 16th. They set a “hold” rating and a $99.00 target price on the stock. Finally, Citigroup reissued a “buy” rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $106.92.

In other news, EVP Julie D’emilio sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $92.78, for a total transaction of $371,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard F. Westenberger sold 6,185 shares of the company’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $98.44, for a total transaction of $608,851.40. The disclosure for this sale can be found here. Insiders have sold 19,883 shares of company stock worth $1,993,643 over the last three months. 3.20% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 159,676 shares during the last quarter. BlackRock Inc. boosted its stake in Carter’s by 1.6% during the 1st quarter. BlackRock Inc. now owns 4,137,856 shares of the textile maker’s stock valued at $417,055,000 after purchasing an additional 64,582 shares during the last quarter. Vanguard Group Inc boosted its stake in Carter’s by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock valued at $382,106,000 after purchasing an additional 35,282 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Carter’s by 0.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,558,943 shares of the textile maker’s stock valued at $257,915,000 after purchasing an additional 14,146 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Carter’s by 20.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,348,554 shares of the textile maker’s stock valued at $110,069,000 after purchasing an additional 226,089 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.

CRI traded up $0.70 during trading on Friday, hitting $89.17. The company had a trading volume of 531,629 shares, compared to its average volume of 754,423. The stock has a market capitalization of $4.08 billion, a PE ratio of 14.18, a P/E/G ratio of 1.77 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.68 and a quick ratio of 1.25. Carter’s has a 1-year low of $75.66 and a 1-year high of $118.22.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.24%. Carter’s’s dividend payout ratio (DPR) is 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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