Carter's (NYSE:CRI - Get Free Report) issued its quarterly earnings data on Tuesday. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate of $1.87 by $0.52, Zacks reports. The business had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. Carter's's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $2.76 earnings per share.
Carter's Trading Down 2.0 %
Shares of CRI traded down $0.85 during midday trading on Friday, hitting $41.30. The stock had a trading volume of 1,682,648 shares, compared to its average volume of 1,127,734. The stock's 50 day moving average is $52.30 and its 200 day moving average is $58.00. The firm 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. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter's has a 1 year low of $40.76 and a 1 year high of $88.03.
Carter's Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.75%. Carter's's payout ratio is currently 62.62%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on CRI. Citigroup decreased their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday. UBS Group decreased their price target on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company dropped 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. 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 stock presently has an average rating of "Hold" and an average target price of $55.20.
Check Out Our Latest Report on CRI
About Carter's
(
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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.
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