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Stock Market & Financial Investment News

News Breaks
December 18, 2012
10:47 EDTCRICarter's rises after Citi calls stock a top pick
Children's apparel maker Carter's (CRI) is advancing after Citigroup added the stock to its Top Picks Live List in a note to investors earlier today. Carter's stock has been little changed since April, and it has become the most attractive stock in Citi's coverage universe as a result, analyst Susan Anderson wrote. In addition, the company has several upcoming positive catalysts, including a supply chain restructuring initiative that could increase its margins by 4% over time, Anderson believes. Growth in international and e-commerce sales may also give Carter's a lift, added the analyst, who maintained her Buy rating on the stock. In mid-morning trading, Carter's climbed 85c, or 1.64%, to $52.63.
News For CRI From The Last 14 Days
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April 29, 2015
06:32 EDTCRICarter's sees FY15 adjusted EPS to increase 10%-14%, consensus $4.47
This forecast for fiscal 2015 adjusted earnings per share excludes anticipated expenses of approximately $6M related to the amortization of the acquired tradenames discussed above, approximately $1M related to the revaluation of the Bonnie Togs contingent consideration, and other items the company believes to be non-representative of underlying business performance. Sees FY15 net sales to increase approximately 5%, consensus $3.05B.
06:31 EDTCRICarter's sees Q2 adjusted EPS comparable to 61c in 2Q14, consensus 66c
The adjusted earnings per share forecast excludes anticipated expenses of approximately $2M related to the amortization of acquired tradenames, approximately $500K related to the revaluation of the Bonnie Togs contingent consideration, and other items the Company believes to be non-representative of underlying business performance. Expects Q2 sales growth of 6%, consensus $610.64M.
06:30 EDTCRICarter's reports Q1 Carter's retail segment sales up 11.9% to $257.7M
Carter's direct-to-consumer comparable sales increased 0.7%, comprised of eCommerce comparable sales growth of 8.1%, partially offset by a retail stores comparable sales decline of 1.2%. Reports Q1 OshKosh retail segment sales up 14.9% to $73M. OshKosh direct-to-consumer comparable sales increased 5.2%, comprised of eCommerce comparable sales growth of 20.3% and a retail stores comparable sales increase of 1.5%. Reports Q1 International segment sales down 2.7% to $68.6M. This decline reflects growth in the Company's retail store and eCommerce businesses in Canada which was more than offset by the Company's exit of retail operations in Japan in fiscal 2014, the impact of the Target Canada bankruptcy in January 2015, and the impact of foreign currency exchange rates.
06:28 EDTCRICarter's reports Q1 adjusted EPS 97c, consensus 74c
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April 27, 2015
08:38 EDTCRICarter's promotions increasingly aggressive through March, says Stephens
Stephens said its checks indicate Carter's promotions became "increasingly aggressive" through March and the firm thinks that, coupled with the beneficial Easter shift, helped drive comps higher in the month. The firm also said its channel checks indicated well controlled promos following Easter. Stephens, which expects Carter's Q1 results Wednesday to be in-line with guidance, maintains its Overweight rating and $98 price target on the stock.
08:21 EDTCRIBofA/Merrill retail/consumer analysts hold analyst/industry conference call
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