FY2018 EPS Estimates for Carter’s, Inc. Lifted by FBR & Co (CRI)
Carter’s, Inc. (NYSE:CRI) – Investment analysts at FBR & Co increased their FY2018 earnings per share estimates for Carter’s in a research note issued on Friday. FBR & Co analyst S. Anderson now anticipates that the textile maker will post earnings per share of $6.17 for the year, up from their previous estimate of $6.13. FBR & Co has a “Buy” rating and a $111.00 price target on the stock.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. The firm had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. Carter’s had a return on equity of 33.38% and a net margin of 7.69%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. COPYRIGHT VIOLATION WARNING: “FY2018 EPS Estimates for Carter’s, Inc. Lifted by FBR & Co (CRI)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/10/30/fy2018-eps-estimates-for-carters-inc-lifted-by-fbr-co-cri.html.
CRI has been the subject of several other reports. Citigroup Inc. raised their price objective on Carter’s from $108.00 to $112.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Tuesday, September 26th. Cowen and Company set a $92.00 price objective on Carter’s and gave the company a “hold” rating in a research note on Monday, October 23rd. BidaskClub downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Carter’s in a research note on Tuesday, September 5th. They issued a “buy” rating and a $105.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $103.82.
Shares of Carter’s (CRI) traded down 0.55% during mid-day trading on Monday, hitting $97.25. The stock had a trading volume of 74,393 shares. The company has a market cap of $4.65 billion, a PE ratio of 19.07 and a beta of 0.34. The stock has a 50 day moving average price of $94.36 and a 200-day moving average price of $89.39. Carter’s has a 52-week low of $77.94 and a 52-week high of $99.75.
In other Carter’s news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new stake in Carter’s during the 2nd quarter valued at $118,000. Advisory Services Network LLC acquired a new stake in Carter’s during the 2nd quarter valued at $125,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Carter’s during the second quarter worth $128,000. PNC Financial Services Group Inc. boosted its holdings in shares of Carter’s by 2.1% during the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Carter’s by 7.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 97.33% of the company’s stock.
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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