Carter’s, Inc. (NYSE:CRI) Announces $0.80 Quarterly Dividend

Carter’s, Inc. (NYSE:CRI) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Stockholders 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 6.01%.

Carter’s has increased its dividend 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 research 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 Performance

NYSE CRI opened at $53.29 on Friday. Carter’s has a 52-week low of $50.27 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a market capitalization of $1.92 billion, a P/E ratio of 8.46, a P/E/G ratio of 3.29 and a beta of 1.24. The company has a fifty day moving average of $62.63 and a 200-day moving average of $64.02.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRI shares. Bank of America lowered their price target 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 lowered their price target 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. Finally, Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, Carter’s has an average rating of “Hold” and a consensus target price 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.