Carter's (CRI) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carter's in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" CRI shares.
View CRI analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1 year target prices for Carter's' stock. Their CRI share price forecasts range from $63.00 to $84.00. On average, they expect the company's stock price to reach $71.00 in the next year. This suggests a possible upside of 4.8% from the stock's current price.
View analysts price targets for CRI or view top-rated stocks among Wall Street analysts.

Carter's' stock was trading at $74.61 on January 1st, 2023. Since then, CRI stock has decreased by 9.2% and is now trading at $67.77.
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The company is scheduled to release its next quarterly earnings announcement on Friday, October 27th 2023.
View our CRI earnings forecast.

Carter's, Inc. (NYSE:CRI) released its earnings results on Friday, July, 28th. The textile maker reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.13. The textile maker earned $600.20 million during the quarter, compared to analyst estimates of $604.68 million. Carter's had a trailing twelve-month return on equity of 27.00% and a net margin of 6.77%. The company's revenue for the quarter was down 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 EPS.

Carter's declared a quarterly dividend on Thursday, August 17th. Investors of record on Wednesday, August 30th will be given a dividend of $0.75 per share on Friday, September 15th. This represents a $3.00 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Tuesday, August 29th.
Read our dividend analysis for CRI.

ETFs with the largest weight of Carter's (NYSE:CRI) stock in their portfolio include Sound Equity Dividend Income ETF (DIVY), Sound Equity Income ETF (SDEI), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS) and Harbor Small Cap Explorer ETF (QWST).WisdomTree U.S. SmallCap Dividend Fund (DES).

Carter's (NYSE:CRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.43%. CRI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 55.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRI will have a dividend payout ratio of 46.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRI.

Carter's updated its third quarter 2023 earnings guidance on Friday, July, 28th. The company provided EPS guidance of $1.45-$1.55 for the period, compared to the consensus earnings per share estimate of $1.75. The company issued revenue guidance of $770.00 million-$790.00 million, compared to the consensus revenue estimate of $789.07 million.

469 employees have rated Carter's Chief Executive Officer Mike Casey on Glassdoor.com. Mike Casey has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carter's investors own include CVS Health (CVS), Cisco Systems (CSCO), Home Depot (HD), Intel (INTC), QUALCOMM (QCOM), Starbucks (SBUX), Skyworks Solutions (SWKS), Alphabet (GOOG), Walt Disney (DIS) and Netflix (NFLX).

Carter's trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRI."

Carter's' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.76%), JPMorgan Chase & Co. (8.47%), Shapiro Capital Management LLC (7.71%), Bank of New York Mellon Corp (4.36%), Mackenzie Financial Corp (3.63%) and LSV Asset Management (3.21%). Insiders that own company stock include Ben Pivar, Brian Lynch, Jeff Jenkins, Jill Wilson, Julie D'emilio, Kendra Krugman, Michael Dennis Casey and William J Montgoris.
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Shares of CRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRI stock can currently be purchased for approximately $67.77.

Carter's (NYSE:CRI) has a market capitalization of $2.53 billion and generates $3.21 billion in revenue each year. The textile maker earns $250.04 million in net income (profit) each year or $5.37 on an earnings per share basis.

The company employs 15,500 workers across the globe.

Carter's' mailing address is 3438 PEACHTREE ROAD NE SUITE 1800 PHIPPS TOWER, ATLANTA GA, 30326. The official website for the company is www.carters.com. The textile maker can be reached via phone at (678) 791-1000, via email at investor@carters.com, or via fax at 404-892-3079.