For its first fiscal quarter (ending March 31), Carter’s Inc. (NYSE: CRI) has reported a 9% increase in E.P.S. from $0.95 a year ago to $1.04 in the current quarter. This performance was $0.29 better than the consensus estimate of $0.75. E.P.S. were $6.36 for the latest four quarters through March 31 versus $5.66 for the same period a year ago — an increase of 12%.
Recent Price Action
Carter’s Inc. (NYSE: CRI) stock declined by -2.2% on 4/26/24. The shares closed at $70.01. Moreover, unusually high trading volume at 189% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
CRI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Carter’s has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Carter’s has a poor Appreciation Score of 25 but a good Power Rating of 72, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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