Carter’s (NYSE:CRI) Releases Q4 Earnings Guidance

Carter’s (NYSE:CRI) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of 1.32-1.72 for the period, compared to the consensus EPS 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.

Carter’s Stock Performance

NYSE:CRI opened at $51.14 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22. The firm’s fifty day moving average price is $54.21 and its 200 day moving average price is $60.51. Carter’s has a 1-year low of $50.25 and a 1-year high of $88.03.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.26%. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRI. Wells Fargo & Company dropped 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. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.