Carter’s (NYSE:CRI) Updates Q4 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of 1.32-1.72 for the period, compared to the consensus EPS estimate of $1.88. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $833.46 million. Carter’s also updated its FY 2024 guidance to 4.700-5.150 EPS.

Carter’s Stock Up 1.4 %

NYSE:CRI opened at $55.15 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market cap of $1.99 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22. The company has a 50-day moving average of $54.38 and a 200 day moving average of $60.67. Carter’s has a 1-year low of $50.27 and a 1-year high of $88.03.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.80%. Carter’s’s dividend payout ratio is presently 50.79%.

Analysts Set New Price Targets

CRI has been the subject of a number of recent research reports. Wells Fargo & Company decreased 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 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 target on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.