Carter's, Inc. (NYSE:CRI) Announces Quarterly Dividend of $0.80

Carter's, Inc. (NYSE:CRI - Get Free Report) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.80 per share by the textile maker on Friday, March 28th. This represents a $3.20 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend is Monday, March 10th.

Carter's has raised its dividend by an average of 31.7% annually over the last three years. Carter's has a payout ratio of 80.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. 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 $3.20 annual dividend with an expected future payout ratio of 67.1%.

Carter's Stock Performance

CRI stock traded down $0.85 during trading hours on Friday, reaching $41.30. The stock had a trading volume of 1,682,648 shares, compared to its average volume of 1,127,734. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock has a 50-day simple moving average of $52.30 and a 200 day simple moving average of $57.93. The stock has a market capitalization of $1.49 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. Carter's has a fifty-two week low of $40.76 and a fifty-two week high of $88.03.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.52. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the previous year, the business earned $2.76 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Analysts predict that Carter's will post 5.15 EPS for the current fiscal year.

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Analyst Ratings Changes

A number of research firms have commented on CRI. Wells Fargo & Company reduced their price objective on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research report on Wednesday. Citigroup cut their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, UBS Group decreased their target price on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, Carter's presently has an average rating of "Hold" and a consensus price target of $49.00.

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.