Carter’s Inc. to Post Q4 2016 Earnings of $1.65 Per Share, FBR & Co Forecasts (CRI)
Carter’s Inc. (NYSE:CRI) – Investment analysts at FBR & Co lowered their Q4 2016 EPS estimates for shares of Carter’s in a research note issued on Wednesday. FBR & Co analyst S. Anderson now anticipates that the firm will post earnings per share of $1.65 for the quarter, down from their previous forecast of $1.66. FBR & Co has a “Buy” rating and a $111.00 price objective on the stock. FBR & Co also issued estimates for Carter’s’ Q3 2017 earnings at $1.85 EPS, Q4 2017 earnings at $1.84 EPS and FY2017 earnings at $5.79 EPS.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. The business had revenue of $639 million for the quarter, compared to analyst estimates of $636.86 million. During the same period in the previous year, the business posted $0.73 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year.
A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Co. lowered shares of Carter’s from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $111.00 to $93.00 in a report on Tuesday, September 27th. Zacks Investment Research lowered shares of Carter’s from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Credit Agricole SA started coverage on shares of Carter’s in a report on Wednesday, September 28th. They set an “underperform” rating and a $95.00 price target for the company. Citigroup Inc. lowered their price target on shares of Carter’s from $108.00 to $106.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $115.00 price target on shares of Carter’s in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $109.00.
Shares of Carter’s (NYSE:CRI) traded down 0.84% on Thursday, hitting $87.06. 252,564 shares of the stock were exchanged. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 18.71 and a beta of 0.66. Carter’s has a one year low of $82.22 and a one year high of $112.58. The firm’s 50 day moving average price is $93.30 and its 200 day moving average price is $101.06.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Genesee Valley Trust Co. increased its position in Carter’s by 33.6% in the third quarter. Genesee Valley Trust Co. now owns 2,797 shares of the company’s stock worth $243,000 after buying an additional 704 shares during the last quarter. Eagle Boston Investment Management Inc. increased its position in Carter’s by 1.1% in the third quarter. Eagle Boston Investment Management Inc. now owns 153,082 shares of the company’s stock worth $13,273,000 after buying an additional 1,650 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Carter’s by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 17,860 shares of the company’s stock worth $1,549,000 after buying an additional 350 shares during the last quarter. Mason Street Advisors LLC acquired a new position in Carter’s during the second quarter worth about $2,465,000. Finally, Aristotle Capital Boston LLC increased its position in Carter’s by 3.7% in the second quarter. Aristotle Capital Boston LLC now owns 105,762 shares of the company’s stock worth $11,260,000 after buying an additional 3,731 shares during the last quarter. Institutional investors own 90.76% of the company’s stock.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $101.00, for a total value of $252,500.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.10% of the stock is currently owned by insiders.
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 operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees.
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