Carter's - CRI Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carter's in the last twelve months. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities 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.

5 brokerages have issued 12-month price targets for Carter's' shares. Their CRI share price forecasts range from $68.00 to $99.00. On average, they predict the company's share price to reach $82.25 in the next year. This suggests a possible upside of 16.7% 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 5.5% and is now trading at $70.48.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our CRI earnings forecast.

Carter's, Inc. (NYSE:CRI) announced its quarterly earnings data on Friday, February, 24th. The textile maker reported $2.29 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.55. The textile maker had revenue of $912.10 million for the quarter, compared to analysts' expectations of $897.27 million. Carter's had a trailing twelve-month return on equity of 45.25% and a net margin of 7.78%. Carter's's revenue was down 14.1% compared to the same quarter last year. During the same period last year, the business posted $2.31 EPS.

Carter's announced a quarterly dividend on Thursday, February 23rd. Shareholders of record on Tuesday, March 7th will be paid a dividend of $0.75 per share on Friday, March 17th. This represents a $3.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Monday, March 6th.
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), 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), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Avantis U.S. Small Cap Value ETF (AVUV).

Carter's (NYSE:CRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 4.27%. 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 47.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRI will have a dividend payout ratio of 46.44% 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 FY 2023 earnings guidance on Friday, February, 24th. The company provided EPS guidance of $6.15-$6.15 for the period, compared to the consensus estimate of $6.45. The company issued revenue guidance of $3.00 billion-$3.00 billion, compared to the consensus revenue estimate of $3.18 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 retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (7.96%), Shapiro Capital Management LLC (6.90%), Mackenzie Financial Corp (5.99%), Fuller & Thaler Asset Management Inc. (3.87%), Alliancebernstein L.P. (3.71%) and Victory Capital Management Inc. (3.46%). Insiders that own company stock include Ben Pivar, Brian Lynch, 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 $70.48.

Carter's (NYSE:CRI) has a market capitalization of $2.65 billion and generates $3.21 billion in revenue each year. The textile maker earns $250.04 million in net income (profit) each year or $6.37 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.