Carter's, Inc. Plans 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. Shareholders 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 yield of 3.8%.

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 $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 opened at $26.32 on Friday. The firm has a market cap of $958.87 million, a PE ratio of 6.98 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $29.60 and a 200-day simple moving average of $36.58. Carter's has a fifty-two week low of $23.38 and a fifty-two week high of $71.99.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRI shares. Wells Fargo & Company increased their target price on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. UBS Group reduced their target price on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, July 28th. Finally, Barclays reduced their target price on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th.

Carter's Company Profile

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.

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