Carter's, Inc. Plans Quarterly Dividend of $0.80 (NYSE:CRI)

Carter's, Inc. (NYSE:CRI - Get Free Report) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Stockholders of record on Tuesday, May 28th will be paid a dividend of 0.80 per share by the textile maker on Friday, June 7th. This represents a $3.20 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Friday, May 24th.

Carter's has increased its dividend payment by an average of 71.0% annually over the last three years and has increased its dividend every year for the last 1 years. Carter's has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carter's to earn $6.67 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 48.0%.

Carter's Price Performance

NYSE:CRI traded down $1.14 during trading hours on Friday, reaching $68.64. 764,312 shares of the company were exchanged, compared to its average volume of 781,125. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.51 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 3.42 and a beta of 1.32. Carter's has a twelve month low of $60.65 and a twelve month high of $88.03. The stock's 50-day moving average is $76.07 and its 200-day moving average is $75.12.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.24. Carter's had a return on equity of 28.55% and a net margin of 8.06%. The company had revenue of $858.00 million for the quarter, compared to analysts' expectations of $867.81 million. Carter's's revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 EPS. On average, sell-side analysts anticipate that Carter's will post 6.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Carter's

In other news, Director Mark Hipp sold 1,875 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total transaction of $153,262.50. Following the completion of the transaction, the director now directly owns 10,216 shares in the company, valued at $835,055.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CRI has been the topic of several research reports. Citigroup decreased their price target on shares of Carter's from $66.00 to $64.00 and set a "sell" rating on the stock in a research note on Thursday, April 18th. Wedbush increased their price target on Carter's from $67.00 to $78.00 and gave the company a "neutral" rating in a report on Friday, February 23rd. Monness Crespi & Hardt lowered Carter's from a "buy" rating to a "neutral" rating in a research note on Monday, February 26th. StockNews.com downgraded Carter's from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th. Finally, UBS Group boosted their price target on shares of Carter's from $76.00 to $79.00 and gave the company a "neutral" rating in a research report on Wednesday, February 28th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.80.

Carter's Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.