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

Key Points

• Carter's, Inc. has announced a quarterly dividend of $0.25 per share, payable on September 12th to shareholders of record as of August 26th, representing a yield of 3.8%.
• The company's recent earnings report indicated a missed earnings estimate with $0.17 earnings per share compared to the consensus estimate of $0.43, though it did report a revenue increase of 3.7% year-over-year.
• Analysts have adjusted their target prices for Carter's stock, with Wells Fargo raising it to $28.00, while UBS and Barclays decreased their targets to $26.00 and $22.00, respectively, indicating varying outlooks on the company's performance.

Carter's, Inc. (NYSE:CRI - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Stockholders of record on Tuesday, August 26th will be paid a dividend of 0.25 per share by the textile maker on Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%.

Carter's has a payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Carter's to earn $4.77 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 21.0%.

Carter's Stock Performance

CRI stock traded down $0.0530 on Wednesday, hitting $25.5070. The company's stock had a trading volume of 352,124 shares, compared to its average volume of 1,539,224. The stock has a market cap of $929.22 million, a price-to-earnings ratio of 6.78 and a beta of 0.99. The firm has a 50 day moving average of $29.22 and a two-hundred day moving average of $35.87. The company has a current ratio of 2.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Carter's has a 1 year low of $23.38 and a 1 year high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.26). Carter's had a return on equity of 20.68% and a net margin of 4.79%.The business had revenue of $585.31 million for the quarter, compared to analysts' expectations of $563.24 million. During the same period in the previous year, the business posted $0.76 earnings per share. The company's revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that Carter's will post 5.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group decreased their price objective on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Barclays decreased their price target on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th. Zacks Research lowered shares of Carter's from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company upped their price objective on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Strong Sell" and a consensus price target of $30.25.

About Carter's

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.