Carter's (CRI) to Release Quarterly Earnings on Friday

Carter's (NYSE:CRI - Get Free Report) is set to announce its earnings results before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.52 by $0.24. The company had revenue of $858.00 million for the quarter, compared to the consensus estimate of $867.81 million. Carter's had a return on equity of 28.79% and a net margin of 7.89%. The firm's revenue was down 5.9% compared to the same quarter last year. During the same period last year, the business posted $2.29 earnings per share. On average, analysts expect Carter's to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Carter's Stock Performance

Shares of NYSE:CRI traded down $1.22 during midday trading on Wednesday, hitting $72.64. The company's stock had a trading volume of 1,002,392 shares, compared to its average volume of 771,806. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.10 and a beta of 1.29. The stock's 50 day simple moving average is $80.15 and its 200 day simple moving average is $74.76. Carter's has a fifty-two week low of $60.65 and a fifty-two week high of $88.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 2.15.

Carter's Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were given a $0.80 dividend. This is an increase from Carter's's previous quarterly dividend of $0.75. This represents a $3.20 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Friday, March 8th. Carter's's dividend payout ratio (DPR) is currently 51.04%.

Insiders Place Their Bets

In other news, Director Mark Hipp sold 1,875 shares of Carter's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares in the company, valued at $835,055.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRI shares. Wells Fargo & Company decreased their target price on Carter's from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Monness Crespi & Hardt downgraded Carter's from a "buy" rating to a "neutral" rating in a research report on Monday, February 26th. Citigroup decreased their target price on Carter's from $66.00 to $64.00 and set a "sell" rating on the stock in a research report on Thursday, April 18th. StockNews.com downgraded Carter's from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th. Finally, Evercore ISI lifted their target price on Carter's from $70.00 to $80.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.80.

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, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.