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

Carter’s, Inc. (NYSE:CRI) declared a quarterly dividend on Thursday, November 13th. Shareholders 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 3.3%. The ex-dividend date of this dividend is Monday, November 24th.

Carter’s has increased its dividend by an average of 0.1%annually over the last three years. Carter’s has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 2.7%

CRI opened at $30.20 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.23 and a beta of 1.08. 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 firm’s 50-day simple moving average is $30.57 and its 200-day simple moving average is $30.28. Carter’s has a twelve month low of $23.38 and a twelve month high of $58.13.

Carter’s (NYSE:CRI) last announced its quarterly earnings results 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). The firm had revenue of $757.84 million for the quarter, compared to the consensus estimate of $760.11 million. Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. Equities research analysts anticipate that Carter’s will post 5.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on CRI. UBS Group boosted their price objective on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Barclays upped their target price on shares of Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. Zacks Research cut shares of Carter’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Citigroup raised their price target on shares of Carter’s from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Carter’s presently has an average rating of “Strong Sell” and a consensus price target of $29.50.

Carter’s Company Profile

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.