Carter's (CRI) Releases Earnings Results, Beats Expectations By $0.05 EPS

Carter's (CRI) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.00. The company posted revenue of $724.00 million in the period, compared to analysts expectations of $715.84 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on Carter's. Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 111 from a previous price target of $104 .

Carter's opened for trading at $103.96 and hit $105.53 on the upside on Wednesday, eventually ending the session at $104.98, with a gain of 1.01% or 1.05 points. The heightened volatility saw the trading volume jump to 9,96,008 shares. Company has a market cap of $5,432 M.

In a different news, on Mar 15, 2016, Brian Lynch (President, Carter’s, Inc.) sold 7,000 shares at $102.40 per share price. According to the SEC, on Mar 3, 2016, Julie D’emilio (Senior Vice President – Sales) sold 7,500 shares at $102.04 per share price. On Mar 2, 2016, Greg Foglesong (SVP – Marketing) sold 4,500 shares at $102.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Carter’s Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry Carter’s and OshKosh. The Company operates through five business segments: Carter’s retail Carter’s wholesale OshKosh retail OshKosh wholesale and International. It offers multiple product categories including baby sleepwear playclothes and related accessories. As of January 3 2015 the Company had approximately 18000 wholesale locations (including national department stores chain and specialty stores and discount retailers) 855 Company-operated stores and its Websites. As of January 3 2015 the Company operated 531 Carter’s and 200 OshKosh outlet brand and specialty stores in the United States. As of January 3 2015 its products are sold through 124 Company-operated stores in Canada in addition to its international wholesale licensing and online channels.


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