Carter’s, Inc. (NYSE:CRI) – Equities research analysts at B. Riley boosted their Q3 2018 earnings per share (EPS) estimates for shares of Carter’s in a note issued to investors on Wednesday, October 17th. B. Riley analyst S. Anderson now expects that the textile maker will earn $1.73 per share for the quarter, up from their previous forecast of $1.72. B. Riley also issued estimates for Carter’s’ Q4 2018 earnings at $2.85 EPS.

Carter’s (NYSE:CRI) last posted its earnings results on Thursday, July 26th. The textile maker reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.22. The business had revenue of $696.20 million for the quarter, compared to the consensus estimate of $684.04 million. Carter’s had a net margin of 8.69% and a return on equity of 34.29%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 EPS.

A number of other research analysts also recently commented on CRI. Cowen set a $95.00 target price on shares of Carter’s and gave the company a “hold” rating in a research report on Thursday. UBS Group assumed coverage on shares of Carter’s in a research report on Thursday, June 21st. They set a “neutral” rating and a $114.00 target price on the stock. ValuEngine raised shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Finally, Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Carter’s presently has an average rating of “Buy” and an average target price of $120.70.

NYSE CRI opened at $96.03 on Friday. The company has a current ratio of 3.36, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.64 and a beta of 0.50. Carter’s has a one year low of $91.99 and a one year high of $129.00.

Large investors have recently added to or reduced their stakes in the company. Fort L.P. acquired a new stake in Carter’s in the 2nd quarter worth approximately $119,000. First Hawaiian Bank acquired a new stake in Carter’s in the 3rd quarter worth approximately $122,000. Point72 Hong Kong Ltd acquired a new stake in Carter’s in the 2nd quarter worth approximately $195,000. HL Financial Services LLC acquired a new stake in Carter’s in the 2nd quarter worth approximately $240,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Carter’s in the 2nd quarter worth approximately $244,000. Institutional investors and hedge funds own 95.80% of the company’s stock.

In other news, Director Jevin Eagle sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total value of $545,500.00. Following the sale, the director now directly owns 6,297 shares in the company, valued at approximately $687,002.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Pulver purchased 7,500 shares of the stock in a transaction dated Thursday, September 6th. The stock was purchased at an average price of $98.55 per share, for a total transaction of $739,125.00. Following the completion of the acquisition, the director now directly owns 63,517 shares in the company, valued at approximately $6,259,600.35. The disclosure for this purchase can be found here. Insiders bought a total of 13,000 shares of company stock worth $1,309,110 over the last 90 days. Company insiders own 3.30% of the company’s stock.

Carter’s Company Profile

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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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Earnings History and Estimates for Carter`s (NYSE:CRI)

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