Carter’s Inc. (NYSE:CRI) – Investment analysts at FBR & Co cut their Q4 2016 earnings per share estimates for shares of Carter’s in a report issued on Wednesday. FBR & Co analyst S. Anderson now forecasts that the brokerage will post earnings of $1.65 per share for the quarter, down from their prior estimate 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 released its quarterly earnings results on Wednesday, July 27th. The company reported $0.72 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 last year, the firm earned $0.73 earnings per share. Carter’s’s revenue for the quarter was up 4.4% compared to the same quarter last year.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Thursday. Credit Agricole SA began coverage on shares of Carter’s in a report on Wednesday, September 28th. They issued an “underperform” rating and a $95.00 price target on the stock. Wells Fargo & Co. downgraded shares of Carter’s from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $111.00 to $93.00 in a report on Tuesday, September 27th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 price target on shares of Carter’s in a report on Friday, September 9th. Finally, Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $109.00.
Shares of Carter’s (NYSE:CRI) opened at 87.29 on Thursday. The firm has a market capitalization of $4.37 billion, a P/E ratio of 18.76 and a beta of 0.66. The firm’s 50-day moving average is $92.95 and its 200-day moving average is $100.96. Carter’s has a 52 week low of $82.22 and a 52 week high of $112.58.
Several large investors have recently made changes to their positions in the stock. Fiera Capital Corp boosted its stake in shares of Carter’s by 1,417.3% in the second quarter. Fiera Capital Corp now owns 480,981 shares of the company’s stock valued at $51,210,000 after buying an additional 449,281 shares in the last quarter. TimesSquare Capital Management LLC bought a new stake in shares of Carter’s during the second quarter valued at $36,434,000. Thrivent Financial for Lutherans boosted its stake in shares of Carter’s by 4,167.5% in the second quarter. Thrivent Financial for Lutherans now owns 283,360 shares of the company’s stock valued at $30,170,000 after buying an additional 276,720 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Carter’s during the second quarter valued at $29,457,000. Finally, Numeric Investors LLC boosted its stake in shares of Carter’s by 3,769.9% in the second quarter. Numeric Investors LLC now owns 282,500 shares of the company’s stock valued at $30,078,000 after buying an additional 275,200 shares in the last quarter. Hedge funds and other institutional investors own 90.76% of the company’s stock.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total transaction of $252,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.10% of the company’s stock.
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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