Carter’s (NYSE:CRI) trades up 9.8% after earnings beat expectations

Carter’s, Inc. (NYSE:CRI – Get Rating) rose 9.8% midday on Friday after a better-than-expected earnings announcement. The company traded as low as $99.48 and last traded at $96.41. About 7,486 shares changed hands during trading, down 98% from the average daily volume of 482,717 shares. The stock had previously closed at $87.82. Carter’s had a return on equity of 34.31% and a net margin of 10.01%. The company posted revenue of $1.06 billion in the quarter, against analyst estimates of $1.03 billion. During the same period last year, the company posted EPS of $2.46. The company’s quarterly revenue increased 7.3% year over year.

Separately, upgraded Carter’s from a “hold” rating to a “buy” rating in a Saturday, Feb. 5 research report. Two research analysts gave the stock a hold rating and three gave the company a buy rating. According to, the stock has an average buy rating and an average price target of $111.50.

In related news, CEO Michael Dennis Casey sold 30,100 shares of the company in a trade dated Monday, November 29. The stock was sold at an average price of $104.88, for a total value of $3,156,888.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. Insiders hold 3.50% of the shares of the company.

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A number of institutional investors and hedge funds have recently changed their holdings in the company. Mackenzie Financial Corp increased its stake in Carter’s by 1.8% during the fourth quarter. Mackenzie Financial Corp now owns 2,210,484 shares of the textile maker worth $223,745,000 after buying 39,978 additional shares last quarter. Alliancebernstein LP increased its stake in Carter’s stock by 42.3% in the fourth quarter. Alliancebernstein LP now owns 2,064,486 shares of the textile maker worth $208,967,000 after buying an additional 613,663 shares in the last quarter. Shapiro Capital Management LLC increased its stake in Carter’s stock by 10.3% in Q3. Shapiro Capital Management LLC now owns 1,425,461 shares of the textile maker worth $138,612,000 after buying an additional 133,515 shares in the last quarter. Boston Partners increased its stake in Carter’s stock by 113.6% in the third quarter. Boston Partners now owns 1,288,428 shares of the textile maker worth $125,221,000 after buying an additional 685,199 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Carter’s shares by 0.6% in the third quarter. Victory Capital Management Inc. now owns 1,174,746 shares of the textile maker worth $114,232,000 after buying 6,637 additional shares in the last quarter. 99.44% of the shares are held by hedge funds and other institutional investors.

The company has a 50-day moving average price of $94.81 and a two-hundred-day moving average price of $99.37. The stock has a market capitalization of $4.04 billion, a PE ratio of 12.50, a P/E/G ratio of 0.36 and a beta of 1.35. The company has a debt ratio of 0.94, a quick ratio of 1.87 and a current ratio of 2.94.

Carter Company Profile (NYSE: CRI)

Carter’s, Inc. engages in the marketing of infant and toddler clothing. It operates through the following segments: US Retail, US Wholesale and International. The United States Retail segment includes sales of products through retail stores and online. The United States Wholesale segment includes United States sales of products to wholesale partners.

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