|Bid||91.41 x 1400|
|Ask||91.55 x 1200|
|Day's Range||90.58 - 94.96|
|52 Week Range||60.17 - 112.46|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||15.39|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 05, 2020|
|1y Target Est||N/A|
Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]
Moody's Investors Service (Moody's) assigned a Ba2 to The William Carter Company's (Carter's) proposed $400 million senior unsecured notes due 2025. Concurrently, Moody's affirmed the company's Ba1 corporate family rating (CFR), Ba1-PD probability of default rating (PDR) and Ba2 rating on the $500 million senior unsecured notes due 2027. The speculative-grade liquidity rating was downgraded to SGL-2 from SGL-1.
Carter's (CRI) Q1 results are affected by store closures, declining sales and soft demand stemming from the COVID-19 crisis. Due to such adverse impacts, management has withdrawn 2020 view.
Shares of Carter's (NYSE:CRI) were flat after the company reported Q1 results.Quarterly Results Earnings per share fell 6.90% year over year to $0.81, which may not compare to the estimate of $0.24.Revenue of $654,473,000 less by 11.68% year over year, which missed the estimate of $674,900,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 05, 2020View more earnings on CRITime: 02:02 PM ETWebcast URL: https://edge.media-server.com/mmc/p/aiahiscmPrice Action Company's 52-week high was at $112.45Company's 52-week low was at $60.17Price action over last quarter: down 17.61%Company Profile Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products primarily through three channels: branded retail stores in the United States and Canada, company websites, and department stores and other wholesale locations. The majority of Carter's sales are in the U.S. and through the Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.See more from Benzinga * TopBuild: Q1 Earnings Insights * Recap: Louisiana-Pacific Q1 Earnings * Recap: Karyopharm Therapeutics Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Palm Valley Capital Fund published its 2020 Q1 investor letter on April 1st. The bearish mutual fund reported a 0.79% gain for the first quarter of 2020. As of the most recent prospectus, the Fund’s gross expense ratio is 2.02% and the net expense ratio is 1.25%. Palm Valley Capital Management has contractually agreed to […]
Children and baby apparel maker Carter's Inc. remains a "top idea" for Wells Fargo analysts, who see the category as a defensive stock in an economic downturn. In the last downturn from September 2008 through September 2009, baby and kids apparel fell 2.8% on average each month while U.S. apparel as a whole fell 5.8% each month. Carter's also has a widespread e-commerce business, and a strong presence at key retailers like Walmart Inc. , Target Corp. and Amazon.com Inc. . Wells Fargo rates Carter's stock overweight with a $10 price target. Carter's shares are down 34.7% over the past year while the S&P 500 index has fallen 4.6%.
As the coronavirus pandemic has taken hold of the U.S., countless businesses have been forced to close and lay off or furlough workers. Nationwide unemployment claims continue to rise to over 16 million as another 6.
Beating the first quarter's market crash took some extreme strategies, such as moving nearly everything to cash, or going very short. Now, fund managers who prevailed during the worst start to a year for U.S. stocks are betting on recession-resilient companies to take them to the next leg. With few expecting a quick end to the market's volatility, managers are seeking companies with strong balance sheets that can weather what could be a deep but short recession, according to a recent Reuters poll.
Carter's also said it is canceling and significantly reducing inventory commitments and extending payment terms with suppliers, vendors, and landlords.
Carter's Inc. said Monday it furloughed all store employees on April 3, as it has extended the closure of its stores until further notice. The babies and young children apparel retailer said employee benefits will continue during the furlough period, and pay will resume once the stores reopen. In response to lower sales as a result of the COVID-19 pandemic, the company said it cancelled and significantly reduced inventory commitments; extended payment terms with suppliers, vendors and landlords; cut planned capital expenditures; reduced salaries; and suspended merit increases and 401(k) matches. The stock has shed 40.0% year to date, while the SPDR S&P Retail ETF has dropped 40.1% and the S&P 500 has declined 23.0%.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
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Carter's Inc. is taking steps to increase financial flexibility as the coronavirus pandemic causes the company to shut down store operations.
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It's been a mediocre week for Carter's, Inc. (NYSE:CRI) shareholders, with the stock dropping 17% to US$91.72 in the...