Gold prices dip as hawkish Fed minutes weigh ahead of Jackson Hole
Carter’s Inc. (NYSE:CRI), a prominent name in children’s apparel, has seen its stock tumble to $37.39, near its 52-week low of $38.84. The company maintains strong financials with a healthy current ratio of 2.25 and offers an attractive dividend yield of 7.6%, having maintained dividend payments for 13 consecutive years. This latest price point underscores a challenging period for the company, which has experienced a significant downturn over the past year. Investors have watched with concern as Carter’s stock has declined by 44.3% over the past year, despite maintaining profitability with a P/E ratio of 8.21. According to InvestingPro analysis, the stock appears undervalued at current levels, with 8 additional exclusive insights available to subscribers. The 52-week low serves as a critical juncture for Carter’s, as stakeholders and analysts alike assess the company’s strategy and outlook in an effort to stabilize and eventually rejuvenate its market position.
In other recent news, Carter’s Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.39, compared to a forecast of $1.88. Revenue also exceeded projections, reaching $860 million against an expected $833.38 million. Despite these positive results, the company’s full-year net sales decreased by 3% to $2.8 billion, and operating income declined by 13% to $287 million. In a separate development, Citi analysts revised Carter’s stock price target from $50 to $45, maintaining a Neutral rating due to the company’s weak fiscal year 2025 guidance. Carter’s anticipates a challenging year ahead, with U.S. retail sales expected to decline by mid-single digits and wholesale sales remaining flat or slightly down. The company has appointed Douglas C. Palladini as the new CEO, effective April 3, 2025, to lead its growth strategy. Palladini’s previous success at Vans, where he doubled the brand’s global revenue, is expected to bring valuable experience to Carter’s.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.