Carter’s (NYSE:CRI) Issues 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 also updated its FY 2024 guidance to 4.700-5.150 EPS.

Wall Street Analyst Weigh In

CRI has been the topic of several research reports. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Tuesday, November 12th. Wells Fargo & Company decreased 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Trading Up 1.4 %

Shares of NYSE CRI opened at $55.15 on Tuesday. The business’s 50 day moving average price is $54.38 and its 200-day moving average price is $60.67. Carter’s has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 3.28 and a beta of 1.22.

Carter’s Dividend Announcement

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

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.