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

Carter’s (NYSE:CRI) updated its fourth quarter earnings guidance on Friday. The company provided EPS guidance of 1.32-1.72 for the period, compared to the consensus EPS estimate of $1.85. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $825.80 million. Carter’s also updated its FY 2024 guidance to 4.700-5.150 EPS.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Bank of America lowered their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company lifted their target price on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.17.

Carter’s Price Performance

Shares of NYSE:CRI traded down $8.77 during midday trading on Friday, hitting $56.92. 4,842,731 shares of the stock were exchanged, compared to its average volume of 938,658. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $66.32 and a 200-day moving average price of $65.99. Carter’s has a twelve month low of $54.74 and a twelve month high of $88.03. The stock has a market cap of $2.08 billion, a P/E ratio of 9.61, a PEG ratio of 3.86 and a beta of 1.23.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.31. The company had revenue of $564.43 million during the quarter, compared to the consensus estimate of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. On average, research analysts forecast that Carter’s will post 4.87 earnings per share for the current year.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a dividend yield of 5.62%. Carter’s’s dividend payout ratio is currently 50.47%.

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.