Carter’s (CRI) Scheduled to Post Earnings on Friday

Carter’s (NYSE:CRI) is scheduled to be posting its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect Carter’s to post earnings of $0.73 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.24. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The business had revenue of $858.00 million for the quarter, compared to analyst estimates of $867.81 million. During the same period last year, the business posted $2.29 EPS. Carter’s’s revenue was down 5.9% compared to the same quarter last year. On average, analysts expect Carter’s to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Carter’s Stock Performance

NYSE:CRI opened at $72.64 on Thursday. Carter’s has a 1 year low of $60.65 and a 1 year high of $88.03. The firm’s fifty day simple moving average is $80.15 and its 200 day simple moving average is $74.76. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $2.66 billion, a PE ratio of 11.59, a PEG ratio of 2.10 and a beta of 1.29.

Carter’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Carter’s’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a yield of 4.41%. Carter’s’s dividend payout ratio (DPR) is presently 51.04%.

Insider Activity

In other news, Director Mark Hipp sold 1,875 shares of Carter’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total transaction of $153,262.50. Following the sale, the director now directly owns 10,216 shares in the company, valued at approximately $835,055.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group raised their target price on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Monness Crespi & Hardt lowered shares of Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Citigroup decreased their price target on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Evercore ISI raised their price target on shares of Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $73.80.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.