Carter’s, Inc. (CRI) To Go Ex-Dividend on November 24th

Carter’s, Inc. (NYSE:CRI) announced a quarterly dividend on Thursday, November 13th. Stockholders of record on Monday, November 24th will be paid a dividend of 0.25 per share by the textile maker on Friday, December 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, November 24th.

Carter’s has raised its dividend by an average of 0.1%annually over the last three years. Carter’s has a payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.9%

Carter’s stock opened at $32.46 on Friday. Carter’s has a 52 week low of $23.38 and a 52 week high of $58.13. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.26. The stock has a market capitalization of $1.18 billion, a P/E ratio of 13.14 and a beta of 1.08. The stock has a 50-day simple moving average of $30.54 and a 200 day simple moving average of $30.43.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The business had revenue of $757.84 million during the quarter, compared to the consensus estimate of $760.11 million. During the same quarter in the prior year, the company earned $1.64 EPS. Carter’s’s quarterly revenue was down .1% on a year-over-year basis. Analysts expect that Carter’s will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a report on Tuesday, October 14th. Zacks Research lowered shares of Carter’s from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Barclays lifted their target price on shares of Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Wells Fargo & Company upped their price target on shares of Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. Finally, UBS Group increased their price target on shares of Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and a consensus target price of $29.50.

About Carter’s

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.