Carter’s, Inc. (NYSE:CRI) Plans $0.80 Quarterly Dividend

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

Carter’s has increased its dividend payment by an average of 71.0% per year over the last three years. Carter’s has a dividend payout ratio of 63.4% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.9 %

NYSE:CRI opened at $52.80 on Friday. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 3.29 and a beta of 1.24. Carter’s has a one year low of $50.27 and a one year 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 business’s 50-day simple moving average is $62.33 and its 200 day simple moving average is $63.90.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of recent analyst 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 research report on Tuesday. Bank of America cut their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Finally, Wells Fargo & Company decreased 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 report on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Carter’s presently has a consensus rating of “Hold” and an average price target of $67.67.

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.