Carter’s (NYSE:CRI – Get Free Report) issued its quarterly earnings data on Friday. The textile maker reported $1.84 EPS for the quarter, beating the consensus estimate of $1.54 by $0.30, Briefing.com reports. The company had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $785.91 million. Carter’s had a net margin of 6.87% and a return on equity of 27.45%. Carter’s’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.67 earnings per share.
Carter’s Trading Up 0.2 %
Shares of CRI opened at $64.33 on Monday. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 11.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.96 and a current ratio of 2.30. Carter’s has a fifty-two week low of $60.65 and a fifty-two week high of $86.76. The firm has a 50 day moving average price of $67.77 and a 200-day moving average price of $68.96.
Carter’s Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Wednesday, August 30th were paid a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $3.00 dividend on an annualized basis and a yield of 4.66%. Carter’s’s dividend payout ratio is presently 54.74%.
Insider Transactions at Carter’s
Institutional Investors Weigh In On Carter’s
Several institutional investors have recently added to or reduced their stakes in CRI. Fuller & Thaler Asset Management Inc. boosted its position in Carter’s by 17,623.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 450,695 shares of the textile maker’s stock valued at $41,459,000 after buying an additional 448,152 shares during the period. Renaissance Technologies LLC purchased a new stake in Carter’s during the 1st quarter valued at $26,217,000. Norges Bank purchased a new stake in Carter’s during the 4th quarter valued at $22,564,000. Rockefeller Capital Management L.P. boosted its position in Carter’s by 1,177.9% during the 1st quarter. Rockefeller Capital Management L.P. now owns 295,810 shares of the textile maker’s stock valued at $21,274,000 after buying an additional 272,662 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Carter’s by 161.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 434,571 shares of the textile maker’s stock valued at $30,628,000 after buying an additional 268,415 shares during the period.
Analyst Ratings Changes
Several brokerages recently commented on CRI. Wedbush reaffirmed a “neutral” rating and set a $72.00 price objective on shares of Carter’s in a research note on Thursday, August 3rd. Citigroup boosted their price target on shares of Carter’s from $60.00 to $63.00 and gave the stock a “sell” rating in a research note on Friday, July 21st. Finally, StockNews.com began coverage on shares of Carter’s in a research note on Thursday, October 5th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.00.
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, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.
- Five stocks we like better than Carter’s
- Investing In Preferred Stock vs. Common Stock
- Should you buy Mattel and sell Hasbro stock? Here’s why
- How to Calculate Return on Investment (ROI)
- 2 fallen cybersecurity stocks for patient bargain hunters
- Earnings Per Share Calculator: How to Calculate EPS
- 2 Uranium Stocks to Make Your Portfolio Glow Green
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.