Credit Agricole SA Weighs in on Carter’s Inc.’s Q3 2016 Earnings (CRI)
Carter’s Inc. (NYSE:CRI) – Equities researchers at Credit Agricole SA issued their Q3 2016 EPS estimates for shares of Carter’s in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst R. Patel anticipates that the brokerage will post earnings of $1.67 per share for the quarter. Credit Agricole SA currently has a “Underperform” rating and a $95.00 target price on the stock. Credit Agricole SA also issued estimates for Carter’s’ Q4 2016 earnings at $1.65 EPS, FY2016 earnings at $5.07 EPS, FY2017 earnings at $5.56 EPS and FY2018 earnings at $6.05 EPS.
CRI has been the topic of several other research reports. Zacks Investment Research lowered Carter’s from a “strong-buy” rating to a “hold” rating in a report on Friday, July 29th. FBR & Co reiterated a “buy” rating and set a $111.00 target price on shares of Carter’s in a report on Friday, September 16th. Wells Fargo & Co. lowered Carter’s from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $111.00 to $93.00 in a report on Tuesday, September 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $115.00 target price on shares of Carter’s in a report on Friday, September 9th. Finally, Monness Crespi & Hardt upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $109.00.
Carter’s (NYSE:CRI) opened at 87.83 on Monday. The company has a market cap of $4.40 billion, a P/E ratio of 18.88 and a beta of 0.67. 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 price is $95.28 and its 200 day moving average price is $101.64.
Carter’s (NYSE:CRI) last posted its earnings results on Wednesday, July 27th. The company reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.06. The business earned $639 million during the quarter, compared to the consensus estimate of $636.86 million. Carter’s had a return on equity of 29.33% and a net margin of 7.86%. Carter’s’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.73 EPS.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Tuesday, August 30th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, August 26th. Carter’s’s payout ratio is 28.39%.
In other news, CFO Richard F. Westenberger sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.00, for a total value of $252,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 3.10% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in Carter’s by 25.2% in the second quarter. IFP Advisors Inc now owns 989 shares of the company’s stock valued at $105,000 after buying an additional 199 shares during the last quarter. Quantbot Technologies LP purchased a new position in Carter’s during the second quarter valued at approximately $106,000. Bancorpsouth Inc. purchased a new position in Carter’s during the first quarter valued at approximately $220,000. Genesee Valley Trust Co. purchased a new position in Carter’s during the second quarter valued at approximately $223,000. Finally, Advisor Group Inc. purchased a new position in Carter’s during the second quarter valued at approximately $224,000. 90.76% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.