Carter's, Inc. (NYSE:CRI) – Stock analysts at Oppenheimer boosted their Q1 2018 earnings estimates for shares of Carter's in a report released on Sunday, Zacks Investment Research reports. Oppenheimer analyst A. Andreeva now forecasts that the textile maker will post earnings of $1.08 per share for the quarter, up from their previous forecast of $1.04. Oppenheimer currently has a “Outperform” rating and a $125.00 target price on the stock. Oppenheimer also issued estimates for Carter's’ Q4 2018 earnings at $2.44 EPS.
Carter's (NYSE:CRI) last released its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.05. The company had revenue of $948.23 million during the quarter, compared to analyst estimates of $950.64 million. Carter's had a net margin of 7.69% and a return on equity of 33.38%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS.
Several other equities research analysts have also issued reports on CRI. B. Riley reissued a “buy” rating on shares of Carter's in a report on Wednesday, November 1st. Wells Fargo & Co reaffirmed a “market perform” rating and set a $123.00 price objective (up from $105.00) on shares of Carter's in a report on Thursday. Zacks Investment Research raised shares of Carter's from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Thursday. SunTrust Banks assumed coverage on shares of Carter's in a report on Wednesday, December 27th. They set a “hold” rating and a $126.00 price objective for the company. Finally, FBR & Co reaffirmed a “buy” rating and set a $111.00 price objective on shares of Carter's in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.86.
Shares of Carter's (CRI) opened at $118.79 on Wednesday. The stock has a market cap of $5,620.00, a P/E ratio of 22.89, a P/E/G ratio of 2.10 and a beta of 0.37. Carter's has a fifty-two week low of $77.94 and a fifty-two week high of $119.45. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. lifted its position in Carter's by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock worth $482,000 after buying an additional 14 shares during the last quarter. Sawtooth Solutions LLC lifted its position in Carter's by 1.2% in the second quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock worth $234,000 after buying an additional 31 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Carter's by 2.1% in the second quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after buying an additional 35 shares during the last quarter. Advisor Group Inc. lifted its position in Carter's by 2.3% in the second quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock worth $315,000 after buying an additional 79 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its position in Carter's by 3.8% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock worth $241,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.
In other news, EVP Greg Foglesong sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $117.98, for a total transaction of $707,880.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Julie D’emilio sold 3,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $108.25, for a total value of $324,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 130,507 shares of company stock valued at $13,569,276 over the last quarter. Corporate insiders own 3.10% of the company’s stock.
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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 owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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