Carter’s, Inc. (NYSE:CRI) Announces $0.25 Quarterly Dividend

Carter’s, Inc. (NYSE:CRI) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.25 per share by the textile maker on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Carter’s has raised its dividend by an average of 0.2%annually over the last three years. Carter’s has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Carter’s to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.1%.

Carter’s Stock Down 2.8%

Shares of CRI opened at $36.17 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. Carter’s has a 12 month low of $24.71 and a 12 month high of $44.44. The firm’s 50 day moving average is $39.82 and its 200-day moving average is $37.95. The stock has a market capitalization of $1.33 billion, a PE ratio of 6.77, a P/E/G ratio of 4.41 and a beta of 0.86.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.20. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The business had revenue of $615.49 million for the quarter, compared to the consensus estimate of $605.68 million. During the same quarter in the prior year, the business posted $0.17 earnings per share. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities research analysts forecast that Carter’s will post 3.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CRI shares. Weiss Ratings upgraded Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Wall Street Zen raised Carter’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. UBS Group reiterated a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $30.00 to $42.00 in a research report on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.17.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.