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. Shareholders 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 annualized dividend and a yield of 6.01%.

Carter’s has raised its dividend payment by an average of 71.0% per year over the last three years. Carter’s has a payout ratio of 63.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carter’s to earn $4.79 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 66.8%.

Carter’s Stock Down 0.8 %

CRI stock traded down $0.43 during trading hours on Thursday, hitting $53.29. The company’s stock had a trading volume of 1,227,317 shares, compared to its average volume of 976,092. 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 has a market capitalization of $1.92 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. Carter’s has a 12 month low of $50.27 and a 12 month high of $88.03. The stock has a 50 day moving average price of $62.63 and a two-hundred day moving average price of $64.02.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company decreased 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 report on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday. Finally, Bank of America reduced their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.