Carter's (NYSE:CRI) Issues Q4 Earnings Guidance

Carter's (NYSE:CRI - Get Free Report) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of 1.32-1.72 for the period, compared to the consensus EPS estimate of $1.88. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $833.46 million. Carter's also updated its FY 2024 guidance to 4.700-5.150 EPS.

Carter's Price Performance

CRI traded down $3.30 during trading on Tuesday, hitting $51.79. The company's stock had a trading volume of 1,489,589 shares, compared to its average volume of 928,697. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.22, a P/E/G ratio of 3.28 and a beta of 1.22. The business's fifty day simple moving average is $54.30 and its 200 day simple moving average is $60.57. Carter's has a twelve month low of $50.27 and a twelve month high of $88.03.

Carter's Announces Dividend

The business also recently announced 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 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 currently 50.79%.

Analyst Upgrades and Downgrades

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