Carter's, Inc. has announced its upcoming dividend with an ex-dividend date of Jun 2, 2025. The company declared the dividend on May 20, 2025, with a payment date set for Jun 20, 2025. Shareholders will receive $0.250 per share, a significant decrease from the average of $0.471 over the last ten dividend payments. This dividend is categorized as a cash dividend. Previously, on Mar 28, 2025,
distributed a dividend of $0.800 per share, also a cash dividend. This reduction indicates a strategic shift in the company's dividend policy.
Recently, Carter's, Inc. announced a substantial reduction in its dividend by 69% to $0.25 per share, down from last year's $0.80 payment. This decision has sparked discussions among investors and analysts about the company's financial strategy and market positioning. As of late, Carter's shares have faced challenges, hitting a new 52-week low at $31.07, although they experienced a slight recovery, trading at $32.03. Analysts have adjusted their target prices, with a revised range from $30.00 to $39.00, reflecting mixed sentiments on the company's future prospects. A recent surge on May 28 saw the stock rise 3.98% to $33.73, yet it remains significantly below its 52-week high of $71.99.
Over the past week, Carter's Inc. has been navigating through market fluctuations and strategic adjustments. The company has seen changes in its shareholder dynamics, notably with Man Group plc reducing its position in Carter's shares by 89.2% during the fourth quarter. This move highlights shifting investor confidence, prompting discussions on Carter's market performance and business fundamentals. Additionally, analysts have issued a consensus "Hold" rating on Carter's stock, with recommendations suggesting caution amidst the ongoing market volatility. The estimated GF Value suggests a potential upside, projecting a fair value of $66.93 within a year, offering a glimmer of optimism for long-term investors.
In conclusion, Carter's Inc. is undergoing pivotal changes in its dividend policy and market strategies. Investors should be aware that Jun 2, 2025, marks the ex-dividend date, the final day to purchase shares and be eligible for the dividend payment. Any acquisitions post this date will not qualify for the current dividend distribution.
Comments
No comments yet