Carter’s, Inc. (NYSE:CRI) Declares Quarterly Dividend of $0.25

Carter’s, Inc. (NYSE:CRI) declared a quarterly dividend on Thursday, November 13th. Investors of record on Monday, November 24th will be given a dividend of 0.25 per share by the textile maker on Friday, December 5th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, November 24th.

Carter’s has increased its dividend by an average of 0.1%per year over the last three years. Carter’s has a payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Carter’s to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 21.0%.

Carter’s Trading Down 0.9%

CRI traded down $0.30 during trading on Friday, hitting $32.79. The company’s stock had a trading volume of 194,719 shares, compared to its average volume of 1,461,080. The firm has a market capitalization of $1.20 billion, a P/E ratio of 13.30 and a beta of 1.08. Carter’s has a twelve month low of $23.38 and a twelve month high of $58.13. The company has a quick ratio of 1.03, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $30.47 and its 200-day moving average price is $30.44.

Carter’s (NYSE:CRI) last issued its earnings results on Monday, October 27th. The textile maker reported $0.74 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $757.84 million during the quarter, compared to analyst estimates of $760.11 million. Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.64 earnings per share. Analysts anticipate that Carter’s will post 5.15 EPS for the current year.

Institutional Investors Weigh In On Carter’s

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its position in shares of Carter’s by 313.1% during the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 548 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Carter’s by 269.0% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock worth $30,000 after acquiring an additional 729 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Carter’s by 1,208.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 1,196 shares during the last quarter. Versant Capital Management Inc raised its position in Carter’s by 135.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after purchasing an additional 814 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in Carter’s by 202.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock worth $45,000 after purchasing an additional 995 shares during the last quarter.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.