Carter’s, Inc. to Issue Quarterly Dividend of $0.80 (NYSE:CRI)

Carter’s, Inc. (NYSE:CRI) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Investors of record on Monday, November 25th will be given a dividend of 0.80 per share by the textile maker on Friday, December 6th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Monday, November 25th.

Carter’s has raised its dividend by an average of 71.0% annually over the last three years. Carter’s has a dividend payout ratio of 63.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carter’s to earn $4.77 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 67.1%.

Carter’s Trading Up 3.0 %

CRI stock opened at $54.00 on Friday. Carter’s has a one year low of $50.27 and a one year high of $88.03. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 8.57, a price-to-earnings-growth ratio of 3.15 and a beta of 1.24. The company has a fifty day moving average price of $60.58 and a two-hundred day moving average price of $63.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Analyst Ratings Changes

CRI has been the subject of several analyst reports. Bank of America dropped their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company cut their price target 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. Finally, Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $67.67.

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.