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

Carter’s (NYSE:CRI) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.32-1.72 for the period, compared to the consensus 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.

Analysts Set New Price Targets

A number of research firms have commented on CRI. Wells Fargo & Company reduced their price objective on shares of 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 Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.67.

Carter’s Trading Down 1.1 %

NYSE:CRI opened at $51.14 on Thursday. 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 company’s 50 day moving average is $54.21 and its 200-day moving average is $60.51. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 8.12, a P/E/G ratio of 3.28 and a beta of 1.22. Carter’s has a 12 month low of $50.25 and a 12 month high of $88.03.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.80 dividend. 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 6.26%. Carter’s’s dividend payout ratio is currently 50.79%.

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.