Wall Street brokerages expect that Carter’s, Inc. (NYSE:CRI) will report $947.53 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Carter’s’ earnings, with estimates ranging from $940.00 million to $959.90 million. Carter’s reported sales of $948.23 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0.1%. The firm is expected to announce its next quarterly earnings report on Thursday, October 25th.
According to Zacks, analysts expect that Carter’s will report full year sales of $3.47 billion for the current fiscal year, with estimates ranging from $3.46 billion to $3.49 billion. For the next fiscal year, analysts expect that the business will post sales of $3.60 billion per share, with estimates ranging from $3.56 billion to $3.64 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 released its quarterly earnings results on Thursday, July 26th. The textile maker reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.22. Carter’s had a return on equity of 34.29% and a net margin of 8.69%. The company had revenue of $696.20 million for the quarter, compared to analyst estimates of $684.04 million. During the same period in the previous year, the company posted $0.79 earnings per share. The firm’s revenue was up .6% on a year-over-year basis.
Shares of NYSE CRI traded down $0.10 during mid-day trading on Monday, hitting $109.05. 4,224 shares of the stock traded hands, compared to its average volume of 824,477. The company has a quick ratio of 1.24, a current ratio of 3.36 and a debt-to-equity ratio of 0.84. Carter’s has a 52 week low of $83.84 and a 52 week high of $129.00. The firm has a market capitalization of $5.08 billion, a PE ratio of 19.02, a P/E/G ratio of 1.82 and a beta of 0.46.
In related news, Director David Pulver bought 1,000 shares of the company’s stock in a transaction on Friday, July 27th. The shares were acquired at an average cost of $105.00 per share, with a total value of $105,000.00. Following the completion of the acquisition, the director now owns 58,517 shares of the company’s stock, valued at approximately $6,144,285. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kevin Doyle Corning sold 3,491 shares of the business’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $108.51, for a total value of $378,808.41. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Carter’s in the first quarter worth $727,000. Xact Kapitalforvaltning AB increased its position in Carter’s by 32.5% during the second quarter. Xact Kapitalforvaltning AB now owns 7,330 shares of the textile maker’s stock valued at $794,000 after acquiring an additional 1,800 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Carter’s during the first quarter valued at $1,502,000. Seven Eight Capital LP purchased a new stake in Carter’s during the first quarter valued at $9,456,000. Finally, Principal Financial Group Inc. increased its position in Carter’s by 3.6% during the first quarter. Principal Financial Group Inc. now owns 210,580 shares of the textile maker’s stock valued at $21,921,000 after acquiring an additional 7,230 shares during the last quarter. Hedge funds and other institutional investors own 98.15% of the company’s stock.
Carter’s Company Profile
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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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