Carter's is Upgraded by Piper Jaffray to ” Overweight”

Carter's (CRI) was Upgraded by Piper Jaffray to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. Piper Jaffray advised their Clients and Investors in a research report released on Feb 14, 2017.

On the company’s financial health, Carter's reported $1.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $1.67. The company had revenue of $901.40 million for the quarter, compared to analysts expectations of $901.99 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Several company insiders have filed Insider transactions , on Nov 29, 2016, Michael Dennis Casey (Chairman and CEO) sold 20,700 shares at $92.69 per share price. According to the SEC, on Aug 11, 2016, Richard F. Westenberger (Chief Financial Officer) sold 2,500 shares at $101.00 per share price. On Mar 15, 2016, Brian Lynch (President, Carter’s, Inc.) sold 7,000 shares at $102.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Carter's opened for trading at $81.74 and hit $84.34 on the upside on Friday, eventually ending the session at $83.03, with a gain of 2.41% or 1.95 points. The heightened volatility saw the trading volume jump to 10,72,427 shares. Company has a market cap of $4,099 M.

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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