Carter’s, Inc. (NYSE:CRI) – Equities research analysts at B. Riley increased their Q3 2018 earnings per share (EPS) estimates for shares of Carter’s in a report issued on Wednesday, October 17th, according to Zacks Investment Research. B. Riley analyst S. Anderson now anticipates that the textile maker will earn $1.73 per share for the quarter, up from their previous forecast of $1.72. B. Riley currently has a “Market Perform” rating and a $104.00 price target on the stock. B. Riley also issued estimates for Carter’s’ Q4 2018 earnings at $2.85 EPS.
Several other research analysts have also recently commented on CRI. Cowen reaffirmed a “hold” rating and issued a $104.00 target price on shares of Carter’s in a research report on Friday, July 27th. Macquarie cut Carter’s from an “outperform” rating to a “neutral” rating in a report on Friday, November 2nd. ValuEngine raised Carter’s from a “hold” rating to a “buy” rating in a report on Saturday, July 14th. Zacks Investment Research cut Carter’s from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, Wells Fargo & Co cut their price objective on Carter’s from $126.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, October 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. Carter’s currently has an average rating of “Hold” and an average target price of $113.30.
Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.12). The firm had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%.
In other news, Chairman Michael Dennis Casey sold 25,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $97.76, for a total value of $2,444,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jill Wilson sold 2,835 shares of the firm’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total value of $272,925.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,835 shares of company stock valued at $5,643,925. Company insiders own 3.30% of the company’s stock.
Several large investors have recently made changes to their positions in CRI. Dimensional Fund Advisors LP increased its stake in shares of Carter’s by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 450,812 shares of the textile maker’s stock valued at $46,930,000 after buying an additional 9,306 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in Carter’s by 56.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 9,683 shares of the textile maker’s stock worth $1,008,000 after purchasing an additional 3,485 shares during the period. Lord Abbett & CO. LLC increased its position in Carter’s by 32.6% in the first quarter. Lord Abbett & CO. LLC now owns 75,272 shares of the textile maker’s stock worth $7,836,000 after purchasing an additional 18,485 shares during the period. UBS Group AG increased its position in Carter’s by 25.8% in the first quarter. UBS Group AG now owns 141,866 shares of the textile maker’s stock worth $14,768,000 after purchasing an additional 29,105 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Carter’s by 14.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 18,455 shares of the textile maker’s stock worth $1,922,000 after purchasing an additional 2,340 shares during the period. Institutional investors own 94.81% 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, 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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