Carter’s, Inc. (CRI) Set to Announce Quarterly Earnings on Tuesday
Carter’s, Inc. (NYSE:CRI) is set to post its quarterly earnings results before the market opens on Tuesday, July 25th. Analysts expect Carter’s to post earnings of $0.70 per share for the quarter. Carter’s has set its Q2 guidance at $0.65-0.70 EPS.
Carter’s (NYSE:CRI) last announced its quarterly earnings data on Thursday, April 27th. The textile maker reported $0.97 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.13. The business had revenue of $732.80 million for the quarter, compared to analyst estimates of $713.98 million. Carter’s had a net margin of 7.82% and a return on equity of 32.77%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. On average, analysts expect Carter’s to post $5.62 EPS for the current fiscal year and $6.15 EPS for the next fiscal year.
Carter’s, Inc. (NYSE:CRI) opened at 86.18 on Tuesday. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 17.21 and a beta of 0.32. The stock’s 50 day moving average is $85.76 and its 200 day moving average is $87.39. Carter’s, Inc. has a one year low of $77.94 and a one year high of $112.58.
In related news, Director David Pulver acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average cost of $80.10 per share, with a total value of $80,100.00. Following the purchase, the director now owns 54,331 shares of the company’s stock, valued at $4,351,913.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jill Wilson sold 4,288 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $92.10, for a total value of $394,924.80. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
A number of brokerages have commented on CRI. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $105.00 price objective on Carter’s and gave the stock a “buy” rating in a research report on Wednesday, June 14th. FBR & Co restated a “buy” rating on shares of Carter’s in a research report on Thursday, July 13th. CL King reiterated a “hold” rating on shares of Carter’s in a report on Thursday, June 8th. Finally, Stifel Nicolaus lifted their price target on Carter’s from $80.00 to $84.00 and gave the company a “hold” rating in a report on Thursday, April 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Carter’s has a consensus rating of “Hold” and an average target price of $101.80.
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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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