Carter’s, Inc. (NYSE:CRI – Get Free Report) declared a quarterly dividend on Thursday, February 19th. Investors of record on Friday, March 13th will be given a dividend of 0.25 per share by the textile maker on Friday, March 27th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, March 13th.
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% meaning 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 Price Performance
Shares of NYSE CRI traded up $0.39 during midday trading on Wednesday, reaching $34.35. 326,756 shares of the company traded hands, compared to its average volume of 1,349,295. Carter’s has a 12 month low of $23.38 and a 12 month high of $44.44. The firm has a market cap of $1.25 billion, a PE ratio of 13.62, a PEG ratio of 5.05 and a beta of 1.07. The stock’s 50-day simple moving average is $36.77 and its 200-day simple moving average is $32.81. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.44 and a current ratio of 2.51.
Carter’s Company Profile
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.
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