Carter’s (NYSE:CRI) Releases FY25 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.20-3.80 for the period, compared to the consensus estimate of $4.87. The company issued revenue guidance of $2.78-2.855 billion, compared to the consensus revenue estimate of $2.81 billion. Carter’s also updated its FY 2025 guidance to 3.200-3.800 EPS.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup lowered their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, UBS Group reduced their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.20.

Carter’s Stock Down 0.1 %

NYSE CRI traded down $0.04 during trading hours on Thursday, reaching $42.29. 877,270 shares of the company’s stock were exchanged, compared to its average volume of 1,086,146. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s has a one year low of $41.59 and a one year high of $88.03. The company’s 50-day moving average is $52.84 and its two-hundred day moving average is $58.26. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 earnings per share. On average, analysts forecast that Carter’s will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.57%. Carter’s’s payout ratio is presently 50.79%.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.