Carter’s (CRI) to Release Earnings on Friday

Carter’s (NYSE:CRI) is scheduled to release its earnings data before the market opens on Friday, April 26th. Analysts expect Carter’s to post earnings of $0.73 per share for the quarter.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.24. The firm had revenue of $858.00 million during the quarter, compared to the consensus estimate of $867.81 million. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the company earned $2.29 earnings per share. On average, analysts expect Carter’s to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Carter’s Price Performance

Shares of Carter’s stock traded down $0.72 on Wednesday, hitting $73.14. 159,607 shares of the company traded hands, compared to its average volume of 760,893. The company has a market cap of $2.68 billion, a P/E ratio of 11.72, a P/E/G ratio of 2.10 and a beta of 1.29. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. Carter’s has a 12-month low of $60.65 and a 12-month high of $88.03. The firm’s 50-day simple moving average is $80.33 and its 200 day simple moving average is $74.78.

Carter’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were given a dividend of $0.80 per share. The ex-dividend date was Friday, March 8th. This represents a $3.20 annualized dividend and a yield of 4.38%. This is a positive change from Carter’s’s previous quarterly dividend of $0.75. Carter’s’s dividend payout ratio (DPR) is currently 51.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRI shares. UBS Group upped their price target on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Evercore ISI raised their price target on Carter’s from $70.00 to $80.00 and gave the company an “in-line” rating in a research note on Wednesday, February 28th. Wedbush increased their price target on Carter’s from $67.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Citigroup lowered their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $75.25.

Insider Buying and Selling

In related news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total transaction of $153,262.50. Following the sale, the director now owns 10,216 shares in the company, valued at $835,055.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by company insiders.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.