Carter's, Inc. (NYSE:CRI) to Issue Quarterly Dividend of $0.25

Key Points

• Carter’s declared a quarterly dividend of $0.25 per share, payable September 25 to shareholders of record on September 1. The dividend implies a $1.00 annual payout and a 2.8% yield.
• The dividend appears well covered, with a current payout ratio of 37.9%; analysts expect next year’s earnings of $3.32 per share, implying a projected payout ratio of 30.1%.
• Carter’s shares opened at $36.17, down 2.8%, while the company’s latest quarterly results exceeded expectations with adjusted earnings of $0.26 per share and revenue of $615.49 million.

Carter's, Inc. (NYSE:CRI - Get Free Report) announced a quarterly dividend on Thursday, August 20th. Investors 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) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st.

Carter's has increased 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. Research 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 Carter's stock opened at $36.17 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of 6.77, a P/E/G ratio of 4.41 and a beta of 0.86. The business's 50 day simple moving average is $39.82 and its 200 day simple moving average is $37.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47. Carter's has a 52-week low of $24.71 and a 52-week high of $44.44.

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

About Carter's

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.

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