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

Carter’s, Inc. (NYSE:CRI) declared a quarterly dividend on Thursday, August 20th. Investors of record on Tuesday, September 1st will be given a dividend of 0.25 per share by the textile maker on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st.

Carter’s has increased its dividend by an average of 0.2%annually over the last three years. Carter’s has a dividend payout ratio of 37.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carter’s to earn $3.32 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 30.1%.

Carter’s Trading Down 2.8%

Shares of Carter’s stock opened at $36.17 on Friday. The stock has a 50 day moving average of $39.82 and a 200 day moving average of $37.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 4.41 and a beta of 0.86. Carter’s has a fifty-two week low of $24.71 and a fifty-two week high of $44.44.

Carter’s (NYSE:CRI) last posted its earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.20. The company had revenue of $615.49 million for the quarter, compared to the consensus estimate of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 earnings per share. As a group, research analysts predict that Carter’s will post 3.12 earnings per share for the current year.

About Carter’s

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct?to?consumer e-commerce sites, and an extensive network of company-operated retail stores.