Carter’s Inc. (NYSE:CRI) – Analysts at FBR & Co lifted their Q3 2016 earnings per share (EPS) estimates for shares of Carter’s in a report issued on Wednesday. FBR & Co analyst S. Anderson now anticipates that the firm will earn $1.67 per share for the quarter, up from their previous estimate of $1.66. FBR & Co currently has a “Buy” rating and a $111.00 target price on the stock. FBR & Co also issued estimates for Carter’s’ FY2016 earnings at $5.08 EPS.
Several other analysts also recently issued reports on CRI. Cowen and Company assumed coverage on shares of Carter’s in a report on Wednesday, July 13th. They issued a “market perform” rating and a $110.00 price target on the stock. Citigroup Inc. cut their price objective on shares of Carter’s from $108.00 to $106.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 29th. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 price objective for the company in a research report on Monday, August 8th. Finally, Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 price objective on shares of Carter’s in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $109.00.
Carter’s (NYSE:CRI) opened at 87.01 on Friday. Carter’s has a 52-week low of $82.22 and a 52-week high of $112.58. The company’s 50 day moving average is $92.64 and its 200-day moving average is $100.84. The stock has a market cap of $4.36 billion, a PE ratio of 18.70 and a beta of 0.66.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.06. The firm earned $639 million during the quarter, compared to analysts’ expectations of $636.86 million. Carter’s had a net margin of 7.86% and a return on equity of 29.33%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.73 EPS.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors raised its stake in Carter’s by 2.2% in the second quarter. BlackRock Fund Advisors now owns 1,802,470 shares of the company’s stock valued at $191,909,000 after buying an additional 39,318 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake 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 valued at $165,480,000 after buying an additional 36,013 shares during the last quarter. State Street Corp raised its stake in Carter’s by 1.2% in the first quarter. State Street Corp now owns 1,346,385 shares of the company’s stock valued at $141,885,000 after buying an additional 16,154 shares during the last quarter. Point72 Asset Management L.P. raised its stake 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 valued at $74,006,000 after buying an additional 11,491 shares during the last quarter. Finally, Fiera Capital Corp raised its stake in 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 during the last quarter. 90.76% of the stock is owned by institutional investors.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.
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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