Carter’s, Inc. (NYSE:CRI – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.25 per share by the textile maker on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, March 13th.
Carter’s has raised its dividend by an average of 0.2%per year over the last three years. Carter’s has a dividend payout ratio of 37.9% meaning 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 Performance
Shares of NYSE:CRI traded up $0.41 during trading on Wednesday, hitting $34.37. 486,240 shares of the company traded hands, compared to its average volume of 1,353,204. The company has a quick ratio of 1.44, a current ratio of 2.51 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average is $36.77 and its 200-day moving average is $32.81. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 5.05 and a beta of 1.07. Carter’s has a one year low of $23.38 and a one year high of $44.44.
About Carter’s
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.
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