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, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International. Its Carter's products include babies and young children products, such as bodysuits, pants, dresses, knit sets, blankets, layette essentials, bibs, booties, sleep and play products, rompers, and jumpers; and OshKosh brand products comprise playclothes, such as denim apparel products with multiple wash treatments and coordinating garments, overalls, woven bottoms, knit tops, and bodysuits. The company also provides products for playtime, travel, mealtime, bathtime, and homegear, as well as kid's bags and diaper bags under the Skip Hop brand. In addition, it offers bedding, cribs, diaper bags, footwear, gift sets, hair accessories, jewelry, outerwear, paper goods, socks, shoes, swimwear, and toys. The company operates 18,800 wholesale locations, including department stores, national chain stores, and specialty stores. As of December 31, 2021, it operated 980 retail stores. The company also sells its products through its eCommerce websites, such as carters.com, oshkoshbgosh.com, oshkosh.com, and skiphop.com, as well as other international wholesale accounts and licensees. Carter's, Inc. was founded in 1865 and is headquartered in Atlanta, Georgia.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. TheStreet cut Carter's from a "b-" rating to a "c+" rating in a research note on Friday, June 3rd. Bank of America downgraded shares of Carter's from a "buy" rating to an "underperform" rating and reduced their target price for the company from $120.00 to $82.00 in a research note on Wednesday, April 27th. Evercore ISI dropped their price target on shares of Carter's to $80.00 in a research note on Tuesday, August 9th. StockNews.com lowered shares of Carter's from a "buy" rating to a "hold" rating in a research report on Thursday, April 28th. Finally, B. Riley dropped their target price on Carter's to $99.00 in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Carter's currently has an average rating of "Hold" and an average price target of $86.29.
Carter's Trading Down 1.3 %
CRI Stock traded down $1.13 during mid-day trading on Wednesday, reaching $84.23. The company had a trading volume of 7,202 shares, compared to its average volume of 818,522. The company has a market capitalization of $3.28 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.71 and a beta of 1.29. The firm has a 50 day moving average of $76.50 and a 200 day moving average of $84.08. Carter's has a 12 month low of $67.88 and a 12 month high of $111.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 0.77.
Carter's (NYSE:CRI - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.33). The firm had revenue of $700.60 million during the quarter, compared to the consensus estimate of $744.31 million. Carter's had a return on equity of 42.73% and a net margin of 8.35%. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. On average, equities analysts predict that Carter's will post 7.24 earnings per share for the current fiscal year.
Carter's Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 31st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, May 27th. Carter's's dividend payout ratio (DPR) is presently 43.92%.
Insiders Place Their Bets
In other Carter's news, Director William J. Montgoris purchased 1,000 shares of Carter's stock in a transaction dated Friday, May 20th. The stock was acquired at an average price of $75.00 per share, for a total transaction of $75,000.00. Following the acquisition, the director now owns 39,525 shares in the company, valued at approximately $2,964,375. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director William J. Montgoris bought 1,000 shares of the business's stock in a transaction on Friday, May 20th. The shares were bought at an average price of $75.00 per share, for a total transaction of $75,000.00. Following the completion of the purchase, the director now directly owns 39,525 shares of the company's stock, valued at $2,964,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ben Pivar sold 398 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $81.77, for a total transaction of $32,544.46. Following the sale, the senior vice president now directly owns 12,119 shares of the company's stock, valued at $990,970.63. The disclosure for this sale can be found here. 3.60% of the stock is owned by company insiders.
