Brokerages expect Carter’s, Inc. (NYSE:CRI) to announce sales of $950.75 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Carter’s’ earnings, with the lowest sales estimate coming in at $949.15 million and the highest estimate coming in at $953.10 million. Carter’s posted sales of $901.43 million in the same quarter last year, which would indicate a positive year over year growth rate of 5.5%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Carter’s will report full-year sales of $950.75 million for the current fiscal year, with estimates ranging from $3.36 billion to $3.43 billion. For the next financial year, analysts forecast that the business will report sales of $3.55 billion per share, with estimates ranging from $3.46 billion to $3.64 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Carter’s.

Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The business had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year.

A number of brokerages recently weighed in on CRI. BidaskClub downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. set a $105.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research report on Wednesday, June 14th. Stifel Nicolaus boosted their price objective on shares of Carter’s from $80.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, April 27th. FBR & Co set a $111.00 price objective on shares of Carter’s and gave the company a “buy” rating in a research report on Friday, June 16th. Finally, CL King reaffirmed a “hold” rating on shares of Carter’s in a research report on Thursday, June 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $100.40.

In other news, Director David Pulver bought 1,000 shares of Carter’s stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $80.10 per share, with a total value of $80,100.00. Following the purchase, the director now directly owns 54,331 shares of the company’s stock, valued at approximately $4,351,913.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in Carter’s by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock worth $482,000 after buying an additional 14 shares during the last quarter. Opus Capital Group LLC raised its position in Carter’s by 0.7% in the first quarter. Opus Capital Group LLC now owns 4,096 shares of the textile maker’s stock worth $367,000 after buying an additional 28 shares during the last quarter. IFP Advisors Inc raised its position in Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock worth $104,000 after buying an additional 30 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Carter’s by 1.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,473 shares of the textile maker’s stock worth $671,000 after buying an additional 78 shares during the last quarter. Finally, Azimuth Capital Management LLC raised its position in Carter’s by 0.3% in the first quarter. Azimuth Capital Management LLC now owns 34,370 shares of the textile maker’s stock worth $3,086,000 after buying an additional 95 shares during the last quarter. 98.70% of the stock is owned by hedge funds and other institutional investors.

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Shares of Carter’s (NYSE:CRI) opened at 91.10 on Monday. The stock’s 50 day moving average is $87.49 and its 200 day moving average is $87.16. The firm has a market cap of $4.36 billion, a P/E ratio of 17.87 and a beta of 0.32. Carter’s has a 52 week low of $77.94 and a 52 week high of $103.51.

Carter’s Company Profile

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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