Wall Street brokerages forecast that Carter’s, Inc. (NYSE:CRI) will report $1.04 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Carter’s’ earnings. The highest sales estimate is $1.06 billion and the lowest is $1.03 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 firm is scheduled to issue its next 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 fiscal year, with estimates ranging from $3.06 billion to $3.09 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.28 billion, with estimates ranging from $3.27 billion to $3.28 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Carter’s.

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

NYSE CRI traded down $1.52 on Tuesday, hitting $92.26. 580,726 shares of the company’s stock traded hands, compared to its average volume of 523,632. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.20. Carter’s has a 1-year low of $60.17 and a 1-year high of $105.41. The firm’s 50-day moving average price is $96.17 and its two-hundred day moving average price is $88.86. The firm has a market capitalization of $4.03 billion, a PE ratio of 30.35, a P/E/G ratio of 2.38 and a beta of 1.21.

In other Carter’s news, EVP Julie D’emilio sold 5,200 shares of the firm’s stock in a transaction that occurred on 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 SEC, which is available at this hyperlink. Also, SVP Ben Pivar sold 620 shares of the firm’s stock in a transaction that occurred on 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. 3.40% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors raised its holdings in Carter’s by 215.3% during the third quarter. Arkadios Wealth Advisors now owns 372 shares of the textile maker’s stock worth $30,000 after purchasing an additional 254 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Carter’s during the fourth quarter worth approximately $30,000. Huntington National Bank raised its holdings in Carter’s by 38.4% during the fourth quarter. Huntington National Bank now owns 393 shares of the textile maker’s stock worth $37,000 after purchasing an additional 109 shares in the last quarter. TD Ameritrade Investment Management LLC acquired a new stake in Carter’s during the fourth quarter worth approximately $56,000. Finally, Acadian Asset Management LLC raised its holdings in Carter’s by 271.9% during the third quarter. Acadian Asset Management LLC now owns 1,298 shares of the textile maker’s stock worth $112,000 after purchasing an additional 949 shares in the last quarter.

Carter’s Company Profile

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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