Carter's (NYSE:CRI) Issues FY 2024 Earnings Guidance

Carter's (NYSE:CRI - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 4.700-5.150 for the period, compared to the consensus EPS estimate of 5.310. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion. Carter's also updated its Q4 guidance to 1.32-1.72 EPS.

Carter's Stock Down 6.0 %

NYSE:CRI traded down $3.30 during trading hours on Tuesday, reaching $51.79. 1,489,589 shares of the stock were exchanged, compared to its average volume of 928,697. Carter's has a twelve month low of $50.27 and a twelve month high of $88.03. The firm has a 50 day moving average of $54.30 and a 200 day moving average of $60.57. The stock has a market cap of $1.87 billion, a PE ratio of 8.22, a PEG ratio of 3.28 and a beta of 1.22. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.18%. Carter's's dividend payout ratio is 50.79%.

Analyst Upgrades and Downgrades

CRI has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Citigroup upgraded Carter's from a "sell" rating to a "neutral" rating and set a $50.00 target price on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $67.67.

About Carter's

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.