Carter’s (NYSE:CRI) Issues Quarterly Earnings Results

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

Carter’s Stock Performance

Shares of CRI opened at $52.19 on Tuesday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 8.28, a P/E/G ratio of 3.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s has a 1 year low of $49.65 and a 1 year high of $88.03. The company’s fifty day moving average is $53.36 and its two-hundred day moving average is $58.50.

Analysts Set New Price Targets

Several research firms recently commented on CRI. Wells Fargo & Company reduced their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, Carter’s has an average rating of “Hold” and a consensus target price of $65.60.

Carter’s Company Profile

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.