Carter’s (NYSE:CRI) Announces Earnings Results, Beats Estimates By $0.52 EPS

Carter’s (NYSE:CRI) released its earnings results on Tuesday. The textile maker reported $2.39 EPS for the quarter, beating the consensus estimate of $1.87 by $0.52, Zacks reports. The firm had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $2.76 EPS.

Carter’s Stock Performance

Shares of Carter’s stock opened at $42.25 on Thursday. Carter’s has a 12 month low of $41.94 and a 12 month high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.52 billion, a PE ratio of 6.71, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The business has a fifty day simple moving average of $52.84 and a 200-day simple moving average of $58.26.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Monday, March 10th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRI shares. Citigroup lowered their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group lowered their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.20.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.