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

Carter’s (NYSE:CRI) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share guidance of 1.32-1.72 for the period, compared to the consensus earnings per share estimate of $1.85. The company issued revenue guidance of $800-840 million, compared to the consensus revenue estimate of $825.80 million. Carter’s also updated its FY 2024 guidance to 4.700-5.150 EPS.

Carter’s Price Performance

Shares of Carter’s stock traded down $8.74 during trading on Friday, reaching $56.95. 4,843,069 shares of the stock traded hands, compared to its average volume of 938,658. Carter’s has a 52-week low of $54.74 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. The business has a fifty day simple moving average of $66.18 and a two-hundred day simple moving average of $65.86. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 3.86 and a beta of 1.23.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, October 25th. The textile maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.35. The business had revenue of $758.46 million during the quarter, compared to analysts’ expectations of $747.95 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. Sell-side analysts expect that Carter’s will post 4.87 EPS for the current year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CRI shares. Bank of America reduced their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company upped their price objective on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Carter’s has a consensus rating of “Hold” and a consensus price target of $71.17.

About Carter’s

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.