Carter’s Inc. to Post Q4 2016 Earnings of $1.65 Per Share, FBR & Co Forecasts (CRI)
Carter’s Inc. (NYSE:CRI) – Equities researchers at FBR & Co lowered their Q4 2016 earnings estimates for shares of Carter’s in a report issued on Wednesday. FBR & Co analyst S. Anderson now forecasts that the brokerage will post earnings per share of $1.65 for the quarter, down from their previous forecast of $1.66. FBR & Co has a “Buy” rating and a $111.00 price target on the stock. FBR & Co also issued estimates for Carter’s’ Q3 2017 earnings at $1.85 EPS, Q4 2017 earnings at $1.84 EPS and FY2017 earnings at $5.79 EPS.
Several other research firms have also issued reports on CRI. Zacks Investment Research lowered Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. Monness Crespi & Hardt upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Monday, August 8th. Citigroup Inc. dropped their price objective on Carter’s from $108.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 price objective on shares of Carter’s in a report on Friday, September 9th. Finally, Credit Agricole SA began coverage on Carter’s in a report on Wednesday, September 28th. They issued an “underperform” rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Carter’s presently has an average rating of “Hold” and an average target price of $109.00.
Shares of Carter’s (NYSE:CRI) traded down 0.84% during midday trading on Thursday, reaching $87.06. The company had a trading volume of 252,564 shares. The company has a market capitalization of $4.36 billion, a P/E ratio of 18.71 and a beta of 0.66. Carter’s has a one year low of $82.22 and a one year high of $112.58. The company has a 50-day moving average price of $93.30 and a 200 day moving average price of $101.06.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/13/carters-inc-to-post-q4-2016-earnings-of-1-65-per-share-fbr-co-forecasts-cri.html
Carter’s (NYSE:CRI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The business earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. Carter’s’s revenue was up 4.4% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of CRI. Fiera Capital Corp raised its stake in Carter’s by 1,417.3% in the second quarter. Fiera Capital Corp now owns 480,981 shares of the company’s stock worth $51,210,000 after buying an additional 449,281 shares during the last quarter. TimesSquare Capital Management LLC purchased a new stake in shares of Carter’s during the second quarter valued at approximately $36,434,000. Thrivent Financial for Lutherans raised its stake in shares of Carter’s by 4,167.5% in the second quarter. Thrivent Financial for Lutherans now owns 283,360 shares of the company’s stock valued at $30,170,000 after buying an additional 276,720 shares during the last quarter. Emerald Acquisition Ltd. purchased a new stake in shares of Carter’s during the second quarter valued at approximately $29,457,000. Finally, Numeric Investors LLC raised its stake in shares of Carter’s by 3,769.9% in the second quarter. Numeric Investors LLC now owns 282,500 shares of the company’s stock valued at $30,078,000 after buying an additional 275,200 shares during the last quarter. 90.76% of the stock is owned by institutional investors and hedge funds.
In other Carter’s news, CFO Richard F. Westenberger sold 2,500 shares of Carter’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.10% of the company’s stock.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.