$934.87 Million in Sales Expected for Carter’s, Inc. (NYSE:CRI) This Quarter

Wall Street brokerages expect Carter’s, Inc. (NYSE:CRI) to announce sales of $934.87 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Carter’s’ earnings. The highest sales estimate is $937.20 million and the lowest is $933.00 million. Carter’s posted sales of $923.91 million during the same quarter last year, which suggests a positive year over year growth rate of 1.2%. The company is scheduled to issue its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Carter’s will report full-year sales of $3.53 billion for the current financial year, with estimates ranging from $3.51 billion to $3.54 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.63 billion, with estimates ranging from $3.60 billion to $3.65 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Carter’s.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, July 25th. The textile maker reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.15. The business had revenue of $734.38 million during the quarter, compared to analysts’ expectations of $730.86 million. Carter’s had a return on equity of 34.45% and a net margin of 8.05%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.79 EPS.

Several equities analysts have recently issued reports on the company. ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Friday. DA Davidson reduced their price target on Carter’s to $91.00 and set an “average” rating on the stock in a research report on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $104.56.

A number of hedge funds have recently bought and sold shares of CRI. Caisse DE Depot ET Placement DU Quebec raised its stake in Carter’s by 145.0% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,023,140 shares of the textile maker’s stock worth $294,877,000 after buying an additional 1,788,956 shares during the period. Victory Capital Management Inc. raised its stake in Carter’s by 24.2% during the 2nd quarter. Victory Capital Management Inc. now owns 3,179,318 shares of the textile maker’s stock worth $310,110,000 after buying an additional 620,375 shares during the period. Mackenzie Financial Corp raised its stake in Carter’s by 27.7% during the 2nd quarter. Mackenzie Financial Corp now owns 1,907,243 shares of the textile maker’s stock worth $186,032,000 after buying an additional 414,132 shares during the period. Lazard Asset Management LLC raised its stake in Carter’s by 202.7% during the 1st quarter. Lazard Asset Management LLC now owns 361,623 shares of the textile maker’s stock worth $36,447,000 after buying an additional 242,155 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Carter’s during the 1st quarter worth approximately $18,459,000. 97.32% of the stock is currently owned by institutional investors and hedge funds.

NYSE CRI traded up $0.38 during midday trading on Friday, hitting $89.14. The company had a trading volume of 32,113 shares, compared to its average volume of 819,646. The company has a market capitalization of $3.90 billion, a PE ratio of 14.17, a P/E/G ratio of 1.65 and a beta of 0.94. The company has a current ratio of 2.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $91.11 and a 200-day moving average price of $94.41. Carter’s has a twelve month low of $75.66 and a twelve month high of $109.97.

About Carter’s

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.

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

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