Carter’s Inc. (NYSE:CRI) – Stock analysts at Credit Agricole SA issued their Q3 2016 earnings estimates for shares of Carter’s in a research note issued to investors on Wednesday. Credit Agricole SA analyst R. Patel anticipates that the brokerage will post earnings of $1.67 per share for the quarter. Credit Agricole SA has a “Underperform” rating and a $95.00 price objective on the stock. Credit Agricole SA also issued estimates for Carter’s’ Q4 2016 earnings at $1.65 EPS, FY2016 earnings at $5.07 EPS, FY2017 earnings at $5.56 EPS and FY2018 earnings at $6.05 EPS.
Several other equities analysts also recently commented on CRI. Cowen and Company started coverage on Carter’s in a research note on Wednesday, July 13th. They issued a “market perform” rating and a $110.00 price objective on the stock. Citigroup Inc. dropped their price objective on Carter’s from $108.00 to $106.00 and set a “neutral” rating on the stock in a research note on Thursday, July 28th. Zacks Investment Research downgraded Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 29th. Monness Crespi & Hardt upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Monday, August 8th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 price objective on shares of Carter’s in a research note 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 company’s stock. The stock has an average rating of “Hold” and an average target price of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 87.62 on Monday. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 18.83 and a beta of 0.67. Carter’s has a 12 month low of $82.22 and a 12 month high of $112.58. The company’s 50-day moving average price is $95.68 and its 200-day moving average price is $101.74.
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, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.06. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. The company had revenue of $639 million for the quarter, compared to analyst estimates of $636.86 million. During the same quarter last year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year.
Large investors have recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Carter’s by 2.2% in the second quarter. BlackRock Fund Advisors now owns 1,802,470 shares of the company’s stock worth $191,909,000 after buying an additional 39,318 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Carter’s by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,570,318 shares of the company’s stock worth $165,480,000 after buying an additional 36,013 shares in the last quarter. State Street Corp boosted its position in Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock worth $141,885,000 after buying an additional 16,154 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Carter’s by 1.7% in the second quarter. Point72 Asset Management L.P. now owns 695,091 shares of the company’s stock worth $74,006,000 after buying an additional 11,491 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in Carter’s by 1,417.3% in the second quarter. Fiera Capital Corp now owns 480,981 shares of the company’s stock worth $51,210,000 after buying an additional 449,281 shares in the last quarter. Institutional investors own 90.76% of the company’s stock.
In related news, CFO Richard F. Westenberger sold 2,500 shares of the stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.10% of the stock is owned by corporate insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Tuesday, August 30th were given a $0.33 dividend. The ex-dividend date was Friday, August 26th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.51%. Carter’s’s dividend payout ratio (DPR) is presently 28.39%.
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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