Carter's (NYSE:CRI) Updates Q1 Earnings Guidance

Carter's (NYSE:CRI - Get Free Report) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.45-0.55 for the period, compared to the consensus estimate of $0.86. The company issued revenue guidance of $615-625 million, compared to the consensus revenue estimate of $652.96 million. Carter's also updated its FY 2025 guidance to 3.200-3.800 EPS.

Carter's Trading Down 2.0 %

Shares of CRI traded down $0.85 during midday trading on Friday, reaching $41.30. The company had a trading volume of 1,682,648 shares, compared to its average volume of 1,127,734. The firm has a 50 day simple moving average of $52.30 and a 200-day simple moving average of $58.00. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market cap 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 1-year low of $40.76 and a 1-year 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 EPS for the quarter, beating the consensus estimate of $1.87 by $0.52. The business had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. Research analysts forecast that Carter's will post 5.15 EPS for the current fiscal year.

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Carter's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.75%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 62.62%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Citigroup lowered their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Wells Fargo & Company reduced their price objective on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, UBS Group dropped their price target on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $55.20.

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.