Carter’s (NYSE:CRI) Updates FY 2024 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.700-5.150 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock 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 stock. Based on data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average target price of $67.67.

Carter’s Trading Up 1.4 %

Shares of NYSE CRI opened at $55.15 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s has a one year low of $50.27 and a one year high of $88.03. The business has a 50-day moving average price of $54.38 and a two-hundred day moving average price of $60.67. The firm has a market capitalization of $1.99 billion, a PE ratio of 8.75, a PEG ratio of 3.28 and a beta of 1.22.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.80%. The ex-dividend date was Monday, November 25th. Carter’s’s dividend payout ratio is currently 50.79%.

Carter’s Company Profile

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.