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

Carter’s (NYSE:CRI) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share guidance of 1.32-1.72 for the period, compared to the consensus earnings per share 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 brokerages recently commented on CRI. Wells Fargo & Company boosted their price objective on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Bank of America cut their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Carter’s has an average rating of “Hold” and a consensus target price of $71.17.

Carter’s Stock Down 13.3 %

CRI stock traded down $8.74 during midday trading on Friday, hitting $56.95. The company’s stock had a trading volume of 4,843,069 shares, compared to its average volume of 938,658. The company’s fifty day moving average price is $66.18 and its 200 day moving average price is $65.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. Carter’s has a twelve month low of $54.74 and a twelve month high of $88.03. The stock has a market capitalization of $2.08 billion, a P/E ratio of 8.98, a PEG ratio of 3.86 and a beta of 1.23.

Carter’s (NYSE:CRI) last released its earnings results on Friday, October 25th. The textile maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.35. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The business had revenue of $758.46 million for the quarter, compared to analyst estimates of $747.95 million. As a group, equities research analysts predict that Carter’s will post 4.87 EPS for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is presently 50.47%.

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.