Last $82.32 USD
Change Today +0.41 / 0.50%
Volume 496.8K
CRI On Other Exchanges
Symbol
Exchange
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As of 4:15 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

carter's inc (CRI) Snapshot

Open
$81.56
Previous Close
$81.91
Day High
$82.38
Day Low
$81.52
52 Week High
08/20/14 - $82.38
52 Week Low
02/5/14 - $64.19
Market Cap
4.4B
Average Volume 10 Days
566.1K
EPS TTM
$3.14
Shares Outstanding
53.1M
EX-Date
05/27/14
P/E TM
26.2x
Dividend
$0.76
Dividend Yield
0.85%
Current Stock Chart for CARTER'S INC (CRI)

carter's inc (CRI) Related Businessweek News

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carter's inc (CRI) Details

Carter’s, Inc. and its subsidiaries design, source, and market branded children’s wear under the Carter’s, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The company operates through five segments: Carter’s Wholesale, Carter’s Retail, OshKosh Retail, OshKosh Wholesale, and International. Its Carter’s brand baby products include bodysuits, pants, dresses, three piece sets, receiving blankets, layette gowns, bibs, caps, and booties; play clothes products comprise knit and woven cotton apparel; sleepwear products consist of pajamas and blanket sleepers; and other products include bedding, outerwear, swimwear, shoes, socks, diaper bags, gift sets, toys, and hair accessories for sizes newborn to seven. The company also provides OshKosh brand play clothes products comprising denim, overalls, T-shirts, fleece, and other play clothes for sizes newborn to 12. In addition, it offers baby, sleepwear, outerwear, shoes, hosiery, and accessories under the OshKosh brand. The company distributes its products through various channels of distribution, including department stores, chain and specialty stores, and discount retailers, as well as through company-operated stores and Websites. As of December 28, 2013, it operated 476 Carter’s and 181 OshKosh outlet, brand, and specialty stores in the United States, and 102 company-operated stores in Canada. The company was founded in 1865 and is headquartered in Atlanta, Georgia.

3,847 Employees
Last Reported Date: 02/26/14
Founded in 1865

carter's inc (CRI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $882.7K
President
Total Annual Compensation: $650.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $502.9K
Senior Vice President of Retail
Total Annual Compensation: $547.4K
Executive Vice President of International
Total Annual Compensation: $475.0K
Compensation as of Fiscal Year 2013.

carter's inc (CRI) Key Developments

Crown Crafts Infant Products, Inc. Announces Licensing Agreement with Carter's, Inc

Crown Crafts Infant Products, Inc. announced that it has expanded its licensing agreement with Carter's, Inc. to offer infant bed sets and decor. The agreement is in addition to an existing Carter's brand licensing agreement for toddler bedding products.

Carter's, Inc. Plans to Open 100 Stores in North America Includes 22 Stores in Canada

Carter's, Inc. plan to open over 100 stores in North America this year, including 22 stores in Canada. The continue to new side-by-side store initiative and plan to open 24 of these stores this year.

Carter's, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Earnings Guidance for the Third Quarter of 2014 and Full Year 2014

Carter's, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, the company reported net sales of $574,065,000 compared to $517,874,000 a year ago. Operating income was $47,347,000 compared to $32,738,000 a year ago. Income before income taxes was $40,794,000 compared to $31,147,000 a year ago. Net income was $25,897,000 or $0.48 basic and diluted per share compared to $19,673,000 or $0.33 basic and diluted per share a year ago. Adjusted EBITDA was $73.0 million compared to $55.5 million a year ago. Excluding the expenses noted above in both periods, adjusted operating income in the second quarter of fiscal 2014 increased $14.0 million, or 31.1%, to $58.8 million, compared to $44.9 million in the second quarter of fiscal 2013. The increase in adjusted operating income reflects sales growth and expense leverage that were partially offset by higher product costs. Adjusted net income increased $5.5 million, or 19.7%, to $33.1 million, compared to $27.7 million in the second quarter of fiscal 2013. Adjusted earnings per diluted share increased 32.9% to $0.61, compared to $0.46 per diluted share in the second quarter of fiscal 2013. For the six months period, the company reported net sales of $1,225,709,000 compared to $1,108,883,000 a year ago. Operating income was $108,878,000 compared to $99,681,000 a year ago. Income before income taxes was $94,963,000 compared to $96,414,000 a year ago. Net income was $60,193,000 or 1.11 diluted per share compared to $61,088,000 or $1.02 diluted per share a year ago. Net cash provided by operating activities was $33,124,000 compared to $69,840,000 a year ago. The decrease principally reflects increased working capital requirements, to include planned inventory increases, higher product costs, and the timing of inventory purchases and payments. Capital expenditures were $61,300,000 compared to $70,566,000 a year ago. Adjusted EBITDA was $157.3 million compared to $142.3 million a year ago. Adjusted operating income increased $7.7 million, or 6.3%, to $128.9 million, compared to $121.3 million in the first two quarters of fiscal 2013. The increase in adjusted operating income reflects the growth in sales and expense leverage that were partially offset by higher product costs. Adjusted net income decreased $2.4 million, or 3.2%, to $73.0 million, compared to $75.4 million in the first two quarters of fiscal 2013. Adjusted earnings per diluted share in the first two quarters of fiscal 2014 increased 7.1% to $1.35, compared to $1.26 per diluted share in the first two quarters of fiscal 2013. In the third quarter of fiscal 2014, the company projects net sales to increase approximately 4% to 6% over the third quarter of fiscal 2013 and adjusted diluted earnings per share to increase approximately 7% to 10% compared to adjusted diluted earnings per share of $1.12 in the third quarter of fiscal 2013. This forecast for third quarter fiscal 2014 adjusted earnings per share excludes the following anticipated expenses: approximately $2 million related to the amortization of the acquired tradenames; approximately $0.5 million related to the corporate office consolidation; approximately $0.3 million related to the revaluation of the Bonnie Togs contingent consideration; and approximately $0.3 million related to exit costs associated with retail operations in Japan. In fiscal 2014, the company projects net sales to increase approximately 8% to 10% over fiscal 2013 and adjusted diluted earnings per share to increase approximately 14% to 16%, up from the company's prior growth estimate of approximately 12% to 15%, compared to adjusted diluted earnings per share of $3.37 in fiscal 2013. This forecast for fiscal 2014 adjusted earnings per share excludes the following anticipated expenses: approximately $16 million related to the amortization of the acquired tradenames; approximately $7 million related to the corporate office consolidation; approximately $1 million related to the revaluation of the Bonnie Togs contingent consideration; and approximately $1 million related to net exit costs associated with retail operations in Japan. The company is expecting another good year of operating cash flow, which is funding continued investment in the business to support future growth.

 

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Industry Analysis

CRI

Industry Average

Valuation CRI Industry Range
Price/Earnings 28.5x
Price/Sales 1.6x
Price/Book 6.1x
Price/Cash Flow 25.1x
TEV/Sales 1.3x
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