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. Stockholders of record on Monday, November 25th will be paid a dividend of 0.80 per share by the textile maker on Friday, December 6th. This represents a $3.20 annualized dividend and a dividend yield of 6.01%.

Carter’s has increased its dividend payment by an average of 71.0% annually 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 Trading Down 0.8 %

Shares of NYSE CRI traded down $0.43 during mid-day trading 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 stock has a market cap of $1.92 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 3.21 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s has a one year low of $50.27 and a one year high of $88.03. The company’s fifty day simple moving average is $62.63 and its 200-day simple moving average is $64.02.

Analyst Ratings Changes

CRI has been the topic of several recent research reports. Bank of America reduced their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. 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 note on Tuesday. Finally, Wells Fargo & Company reduced their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Carter’s presently 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.