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 earnings per share guidance of 1.32-1.72 for the period, compared to the consensus earnings per share 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 Price Performance

Shares of NYSE CRI opened at $55.15 on Tuesday. The company has a market capitalization of $1.99 billion, a PE ratio of 8.75, a P/E/G ratio of 3.28 and a beta of 1.22. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s has a twelve month low of $50.27 and a twelve month high of $88.03. The firm has a fifty day simple moving average of $54.38 and a 200 day simple moving average of $60.67.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Analyst Ratings Changes

CRI has been the subject of several recent analyst reports. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Carter’s has a consensus rating of “Hold” and an average target price 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.