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.

Analyst Upgrades and Downgrades

CRI has been the topic of several research reports. Wells Fargo & Company dropped their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Carter’s presently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Stock Performance

Carter’s stock opened at $51.79 on Wednesday. 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 fifty-two week low of $50.27 and a fifty-two week high of $88.03. The stock has a fifty day moving average of $54.30 and a two-hundred day moving average of $60.57. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 3.28 and a beta of 1.22.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.18%. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

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.