Carter’s, Inc. (NYSE:CRI) Declares Quarterly Dividend of $0.50

Carter’s, Inc. (NYSE:CRI) announced a quarterly dividend on Thursday, November 21st, Fidelity reports. Investors of record on Tuesday, December 3rd will be paid a dividend of 0.50 per share by the textile maker on Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Monday, December 2nd. This is an increase from Carter’s’s previous quarterly dividend of $0.22.

Shares of CRI opened at $103.31 on Friday. The firm’s 50 day simple moving average is $100.88 and its 200 day simple moving average is $93.82. The company has a market capitalization of $4.49 billion, a P/E ratio of 16.42, a P/E/G ratio of 2.01 and a beta of 0.92. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.53 and a quick ratio of 1.03. Carter’s has a 1-year low of $75.66 and a 1-year high of $111.12.

Carter’s (NYSE:CRI) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.17. The business had revenue of $943.32 million for the quarter, compared to the consensus estimate of $936.09 million. Carter’s had a net margin of 7.68% and a return on equity of 35.47%. Carter’s’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $1.61 earnings per share. On average, equities analysts anticipate that Carter’s will post 6.57 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. UBS Group set a $100.00 target price on shares of Carter’s and gave the company a “hold” rating in a research note on Friday, October 25th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. B. Riley set a $118.00 target price on shares of Carter’s and gave the company a “buy” rating in a research note on Tuesday, August 20th. Monness Crespi & Hardt lowered their target price on shares of Carter’s from $120.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Finally, DA Davidson raised shares of Carter’s from a “neutral” rating to a “buy” rating and raised their target price for the company from $91.00 to $110.00 in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Carter’s presently has an average rating of “Buy” and a consensus target price of $109.25.

In other Carter’s news, CEO Michael Dennis Casey sold 20,000 shares of Carter’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $101.93, for a total transaction of $2,038,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Amy Woods Brinkley sold 1,588 shares of Carter’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $105.10, for a total transaction of $166,898.80. Following the transaction, the director now directly owns 14,880 shares in the company, valued at $1,563,888. The disclosure for this sale can be found here. Insiders have sold 92,498 shares of company stock worth $9,564,887 over the last three months. Insiders own 3.20% of the company’s stock.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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Dividend History for Carter`s (NYSE:CRI)

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