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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carter's in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRI, but not buy additional shares or sell existing shares.
View CRI analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12-month target prices for Carter's' stock. Their CRI share price forecasts range from $60.00 to $99.00. On average, they predict the company's share price to reach $77.67 in the next year. This suggests a possible upside of 24.0% 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 at the beginning of 2023. Since then, CRI stock has decreased by 16.1% and is now trading at $62.61.
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Carter's saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,270,000 shares, an increase of 18.9% from the April 15th total of 2,750,000 shares. Based on an average daily volume of 793,500 shares, the days-to-cover ratio is currently 4.1 days. Approximately 8.9% of the shares of the company are sold short.
View Carter's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our CRI earnings forecast.

Carter's, Inc. (NYSE:CRI) released its quarterly earnings data on Friday, April, 28th. The textile maker reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.46. The textile maker earned $695.80 million during the quarter, compared to analyst estimates of $648.58 million. Carter's had a trailing twelve-month return on equity of 30.11% and a net margin of 6.97%. Carter's's revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 earnings per share.

Carter's announced a quarterly dividend on Thursday, May 18th. Shareholders of record on Tuesday, May 30th will be given a dividend of $0.75 per share on Friday, June 9th. This represents a $3.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for CRI.

ETFs with the largest weight of Carter's (NYSE:CRI) stock in their portfolio include Sound Equity Income ETF (SDEI), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), First Trust Consumer Discretionary AlphaDEX Fund (FXD), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), Distillate Small/Mid Cash Flow ETF (DSMC), WisdomTree U.S. SmallCap Dividend Fund (DES) and Invesco S&P MidCap Quality ETF (XMHQ).

Carter's (NYSE:CRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.79%. 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 53.00%. 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 issued an update on its FY23 earnings guidance on Friday, April, 28th. The company provided earnings per share guidance of $6.15 for the period, compared to the consensus earnings per share estimate of $5.86. The company issued revenue guidance of $3.0 billion, compared to the consensus revenue estimate of $3.01 billion.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (8.87%), JPMorgan Chase & Co. (8.00%), Shapiro Capital Management LLC (7.33%), Mackenzie Financial Corp (5.95%), Wellington Management Group LLP (4.19%) and LSV Asset Management (3.18%). Insiders that own company stock include Ben Pivar, Brian Lynch, Jill Wilson, Julie D'emilio, Kendra Krugman, Michael Dennis Casey and William J Montgoris.
View institutional ownership trends.

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 $62.61.

Carter's (NYSE:CRI) has a market capitalization of $2.36 billion and generates $3.21 billion in revenue each year. The textile maker earns $250.04 million in net income (profit) each year or $5.66 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.