Carter’s, Inc. (CRI) to Distribute Quarterly Dividend of $0.80 on December 6th

Carter’s, Inc. (NYSE:CRI) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Investors 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 yield of 6.06%. The ex-dividend date of this dividend is Monday, November 25th.

Carter’s has raised its dividend payment by an average of 71.0% per year over the last three years. Carter’s has a payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Carter’s stock opened at $52.80 on Friday. Carter’s has a 12-month low of $50.27 and a 12-month high of $88.03. The stock has a market capitalization of $1.90 billion, a P/E ratio of 8.38, a P/E/G ratio of 3.29 and a beta of 1.24. The firm’s 50-day moving average is $62.33 and its two-hundred day moving average is $63.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Analysts Set New Price Targets

CRI has been the topic of several recent analyst reports. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Tuesday. Wells Fargo & Company cut 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 report on Monday, October 28th. Finally, Bank of America dropped their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average price target 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.