Carter’s stock hits 52-week low at $31.01 amid market challenges

Published 02/06/2025, 14:34
Carter’s stock hits 52-week low at $31.01 amid market challenges

Carter’s Inc (NYSE:CRI), a prominent name in children’s apparel, has seen its stock price touch a 52-week low, dipping to $31.01. This latest price level reflects a significant downturn for the company, which has experienced a 1-year decline of -52%. According to InvestingPro analysis, the stock appears undervalued, trading at a P/E ratio of just 6.95 with a robust free cash flow yield of 19%. Investors are closely monitoring Carter’s performance as it navigates through a challenging retail environment, marked by shifting consumer trends and competitive pressures. Despite these challenges, the company maintains a healthy 3.19% dividend yield and has sustained dividend payments for 13 consecutive years. The company’s ability to rebound from this low will be critical in the coming months as it strives to regain its footing in the market and deliver value to its shareholders. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report about Carter’s future prospects.

In other recent news, Carter’s Inc. reported its first-quarter 2025 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.66, surpassing the forecasted $0.62. The company’s revenue for the quarter was $630 million, slightly above the expected $624.86 million, though it marked a 5% decrease year-over-year. Despite the positive earnings surprise, Carter’s has suspended its forward guidance due to leadership changes and uncertainties regarding tariffs on imported products. The company’s Board of Directors declared a new quarterly dividend of $0.25 per share, down from $0.80, reflecting a strategic shift in capital allocation amidst challenging market conditions.

Barclays (LON:BARC) recently downgraded Carter’s stock to an Underweight rating, setting a price target of $25. The decision was influenced by structural challenges in the children’s apparel sector, such as declining birth rates and potential negative impacts from tariffs on Chinese imports. CEO Doug Palladini, who joined in April, is expected to unveil a comprehensive growth strategy during the second quarter earnings call. Carter’s has emphasized its strong cash position and liquidity, which it plans to maintain while preparing for strategic investments. The company remains cautious about the impact of proposed tariffs, which could significantly increase product costs and affect profitability.

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