Carter’s Inc. Declares Quarterly Dividend of $0.19 (CRI)
Carter’s (NYSE:CRI) announced a quarterly dividend on Thursday, August 21st, ARN reports. Stockholders of record on Tuesday, September 2nd will be paid a dividend of 0.19 per share on Friday, September 12th. This represents a $0.76 annualized dividend and a dividend yield of 0.92%.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Carter’s in a research note on Tuesday, July 22nd. Analysts at Wells Fargo & Co. initiated coverage on shares of Carter’s in a research note on Friday, June 20th. They set a “market perform” rating on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $88.00.
Shares of Carter’s (NYSE:CRI) traded up 0.32% on Thursday, hitting $82.58. 418,685 shares of the company’s stock traded hands. Carter’s has a 52-week low of $64.19 and a 52-week high of $82.38. The stock has a 50-day moving average of $74.77 and a 200-day moving average of $73.15. The company has a market cap of $4.388 billion and a price-to-earnings ratio of 28.60.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 24th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.01. The company had revenue of $574.10 million for the quarter, compared to the consensus estimate of $574.10 million. During the same quarter last year, the company posted $0.46 earnings per share. Carter’s’s revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that Carter’s will post $3.90 earnings per share 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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