Carter’s (NYSE:CRI) Posts Quarterly Earnings Results, Beats Expectations By $0.52 EPS

Carter’s (NYSE:CRI) announced 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. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s updated its Q1 2025 guidance to 0.450-0.550 EPS and its FY 2025 guidance to 3.200-3.800 EPS.

Carter’s Stock Performance

Shares of CRI stock opened at $52.19 on Tuesday. The stock has a market cap of $1.88 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. Carter’s has a 52-week low of $49.65 and a 52-week high of $88.03. The business has a 50-day simple moving average of $53.36 and a 200-day simple moving average of $58.50. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Analyst Ratings Changes

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

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.