Carter’s (NYSE:CRI) Issues FY 2024 Earnings Guidance

Carter’s (NYSE:CRI) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.700-5.150 for the period, compared to the consensus estimate of 5.310. The company issued revenue guidance of $2.8 billion-$2.8 billion, compared to the consensus revenue estimate of $2.8 billion. Carter’s also updated its Q4 guidance to 1.32-1.72 EPS.

Wall Street Analyst Weigh In

CRI has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research 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 objective for the company in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $67.67.

Carter’s Price Performance

CRI stock opened at $51.14 on Thursday. Carter’s has a 52-week low of $50.25 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business has a 50-day simple moving average of $54.21 and a two-hundred day simple moving average of $60.51. The company has a market capitalization of $1.84 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date 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 presently 50.79%.

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.