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Carter’s (NYSE:CRI) announced a quarterly dividend on Wednesday, May 14th, StockRatingsNetwork reports. Investors of record on Thursday, May 29th will be paid a dividend of 0.19 per share on Thursday, June 12th. This represents a $0.76 annualized dividend and a dividend yield of 1.05%.

On a related note, analysts at Piper Jaffray upgraded shares of Carter’s from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 2nd. They now have a $92.00 price target on the stock, up previously from $74.00. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $83.57.

Shares of Carter’s (NYSE:CRI) traded down 1.03% on Wednesday, hitting $72.72. The stock had a trading volume of 653,558 shares. Carter’s has a 1-year low of $64.19 and a 1-year high of $80.02. The stock’s 50-day moving average is $74.55 and its 200-day moving average is $71.83. The company has a market cap of $3.904 billion and a price-to-earnings ratio of 27.25.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Monday, April 28th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.71 by $0.02. The company had revenue of $652.00 million for the quarter, compared to the consensus estimate of $649.57 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Carter’s will post $3.88 EPS for the current fiscal year.

Carter’s, Inc (NYSE:CRI) is a branded marketer of apparel for babies and young children in the United States.

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