Carter’s, Inc. (NYSE:CRI) – Equities researchers at DA Davidson issued their Q1 2019 earnings per share estimates for Carter’s in a research note issued on Tuesday, April 23rd, according to Zacks Investment Research. DA Davidson analyst J. Morris forecasts that the textile maker will post earnings per share of $0.72 for the quarter. DA Davidson currently has a “Neutral” rating and a $105.15 price target on the stock. DA Davidson also issued estimates for Carter’s’ Q2 2019 earnings at $0.99 EPS, Q3 2019 earnings at $1.84 EPS, Q4 2019 earnings at $3.09 EPS, FY2019 earnings at $6.65 EPS, Q1 2020 earnings at $0.79 EPS, Q2 2020 earnings at $1.10 EPS, Q3 2020 earnings at $2.01 EPS, Q4 2020 earnings at $3.30 EPS and FY2020 earnings at $7.20 EPS.
Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $741.06 million during the quarter, compared to analyst estimates of $724.08 million. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share.
CRI has been the subject of several other research reports. ValuEngine raised Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research lowered Carter’s from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Deutsche Bank started coverage on Carter’s in a research report on Tuesday, April 16th. They set a “hold” rating and a $99.00 price objective for the company. Citigroup restated a “buy” rating and set a $120.00 price target on shares of Carter’s in a report on Monday, March 18th. Finally, TheStreet upgraded Carter’s from a “c+” rating to a “b-” rating in a report on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Carter’s currently has an average rating of “Hold” and a consensus price target of $106.92.
Shares of Carter’s stock opened at $108.12 on Friday. The company has a quick ratio of 1.43, a current ratio of 2.68 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.12 and a beta of 0.62. Carter’s has a 12 month low of $75.66 and a 12 month high of $118.22.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its holdings in Carter’s by 0.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the textile maker’s stock worth $1,542,000 after buying an additional 100 shares in the last quarter. Cascade Investment Advisors Inc. increased its holdings in Carter’s by 2.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock worth $638,000 after buying an additional 160 shares in the last quarter. Private Capital Group LLC increased its holdings in Carter’s by 38.8% in the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after buying an additional 164 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Carter’s by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 56,330 shares of the textile maker’s stock worth $5,678,000 after purchasing an additional 230 shares during the last quarter. Finally, Comerica Bank boosted its position in Carter’s by 0.8% in the fourth quarter. Comerica Bank now owns 31,532 shares of the textile maker’s stock worth $2,646,000 after purchasing an additional 254 shares during the last quarter. Institutional investors own 95.82% of the company’s stock.
In related news, CFO Richard F. Westenberger sold 6,185 shares of Carter’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $98.44, for a total value of $608,851.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy Woods Brinkley sold 2,475 shares of Carter’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $96.44, for a total value of $238,689.00. Following the completion of the sale, the director now owns 21,646 shares of the company’s stock, valued at $2,087,540.24. The disclosure for this sale can be found here. Insiders have sold 16,540 shares of company stock valued at $1,631,298 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.
Carter’s, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter’s, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B’gosh, Skip Hop, and other brands. The company operates through three segments: U.S.