Carter’s, Inc. (CRI) to Distribute Quarterly Dividend of $0.25 on September 25th

Carter’s, Inc. (NYSE:CRI) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.25 per share by the textile maker on Friday, September 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Carter’s has raised its dividend payment by an average of 0.2%per year over the last three years. Carter’s has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Carter’s to earn $3.32 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 30.1%.

Carter’s Stock Performance

Shares of NYSE CRI opened at $35.74 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $1.31 billion, a P/E ratio of 6.69, a P/E/G ratio of 4.29 and a beta of 0.86. Carter’s has a 12 month low of $25.48 and a 12 month high of $44.44. The stock has a 50 day moving average of $39.68 and a 200-day moving average of $37.94.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.20. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The business had revenue of $615.49 million for the quarter, compared to analysts’ expectations of $605.68 million. During the same quarter in the prior year, the business earned $0.17 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts predict that Carter’s will post 3.12 EPS for the current year.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.