Carter’s (NYSE:CRI) Releases 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.

Carter’s Price Performance

Shares of CRI opened at $51.14 on Thursday. The company has a 50 day moving average of $54.21 and a 200-day moving average of $60.51. 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 stock has a market capitalization of $1.84 billion, a P/E ratio of 8.12, a P/E/G ratio of 3.28 and a beta of 1.22. Carter’s has a twelve month low of $50.25 and a twelve month high of $88.03.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders 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 payout ratio is 50.79%.

Analysts Set New Price Targets

CRI has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note 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 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 assigned a hold rating to the company’s stock. According to MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average 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.