Carter’s, Inc. (CRI) To Go Ex-Dividend on September 1st

Carter’s, Inc. (NYSE:CRI) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.25 per share by the textile maker on Friday, September 25th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

Carter’s has raised its dividend payment by an average of 0.2%per year over the last three years. Carter’s has a payout ratio of 37.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carter’s to earn $3.44 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 29.1%.

Carter’s Trading Up 0.9%

NYSE CRI opened at $33.63 on Friday. 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 cap of $1.23 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 3.78 and a beta of 0.86. The firm has a 50 day simple moving average of $38.88 and a 200-day simple moving average of $37.82. Carter’s has a one year low of $27.15 and a one year high of $44.44.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.20. The firm had revenue of $615.49 million for the quarter, compared to the consensus estimate of $605.68 million. Carter’s had a net margin of 6.55% and a return on equity of 12.78%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 EPS. Equities research analysts anticipate that Carter’s will post 3.28 EPS for the current fiscal 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.