Carter’s, Inc. (NYSE:CRI) Expected to Post Quarterly Sales of $1.04 Billion


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Equities analysts predict that Carter’s, Inc. (NYSE:CRI) will report sales of $1.04 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Carter’s’ earnings. The lowest sales estimate is $1.03 billion and the highest is $1.06 billion. Carter’s reported sales of $1.10 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.5%. The company is expected to announce its next quarterly earnings report on Monday, February 22nd.

On average, analysts expect that Carter’s will report full-year sales of $3.08 billion for the current year, with estimates ranging from $3.06 billion to $3.09 billion. For the next financial year, analysts forecast that the firm will post sales of $3.28 billion, with estimates ranging from $3.27 billion to $3.28 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Carter’s.

Several equities analysts have commented on CRI shares. Berenberg Bank started coverage on shares of Carter’s in a report on Tuesday, October 27th. They issued a “buy” rating and a $115.00 price objective on the stock. B. Riley upped their price objective on shares of Carter’s from $103.00 to $118.00 and gave the company a “buy” rating in a report on Friday, January 15th. Finally, Wells Fargo & Company downgraded shares of Carter’s from an “overweight” rating to an “equal weight” rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $98.60.

In related news, EVP Julie D’emilio sold 5,200 shares of the company’s stock in a transaction dated Monday, December 7th. The shares were sold at an average price of $93.36, for a total transaction of $485,472.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ben Pivar sold 620 shares of the stock in a transaction dated Wednesday, November 25th. The stock was sold at an average price of $94.13, for a total transaction of $58,360.60. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of CRI. First Trust Advisors LP lifted its holdings in shares of Carter’s by 1.8% in the first quarter. First Trust Advisors LP now owns 60,563 shares of the textile maker’s stock worth $6,104,000 after acquiring an additional 1,066 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Carter’s by 8.3% in the third quarter. Envestnet Asset Management Inc. now owns 74,801 shares of the textile maker’s stock valued at $6,476,000 after buying an additional 5,739 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Carter’s in the third quarter valued at approximately $1,769,000. Reinhart Partners Inc. increased its stake in shares of Carter’s by 8.3% in the third quarter. Reinhart Partners Inc. now owns 169,785 shares of the textile maker’s stock valued at $14,700,000 after buying an additional 12,988 shares during the period. Finally, Cambiar Investors LLC increased its stake in shares of Carter’s by 9.3% in the third quarter. Cambiar Investors LLC now owns 24,141 shares of the textile maker’s stock valued at $2,090,000 after buying an additional 2,058 shares during the period.

CRI traded down $1.52 during trading on Tuesday, reaching $92.26. 580,726 shares of the stock were exchanged, compared to its average volume of 523,632. The stock has a market cap of $4.03 billion, a P/E ratio of 30.35, a price-to-earnings-growth ratio of 2.38 and a beta of 1.21. Carter’s has a twelve month low of $60.17 and a twelve month high of $105.41. The stock’s 50 day moving average price is $96.17 and its two-hundred day moving average price is $88.86. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.51 and a current ratio of 2.36.

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, Precious Baby, Little Planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

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