Carter's, Inc. Stock News

ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE: CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, today announced that Michael D. Casey will retire as Chairman and Chief Executive Officer after over 15 years in the role and a more than 30-year career with the Company. Richard F. Westenberger has been appointed interim Chief Executive Offic...

Los Angeles, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Habitat for Humanity of Greater Los Angeles (Habitat LA) hosted a heartfelt event at its headquarters on Friday to celebrate the life and legacy of President Jimmy Carter. Known as Habitat for Humanity's most famous volunteer, President Carter, alongside Mrs. Rosalynn Carter, dedicated nearly 40 years to building affordable homes worldwide and insp...

Six days of funeral events are under way for the former US president Jimmy Carter.

NEW YORK , Dec. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range.

ATLANTA--(BUSINESS WIRE)--The Board of Directors of Carter's, Inc. (NYSE:CRI) today declared a quarterly dividend of $0.80 per share, payable on December 6, 2024, to shareholders of record at the close of business on November 25, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates will be at the discretion of the Board based on a number of f...

ATLANTA--(BUSINESS WIRE)--Carter's, Inc. (NYSE: CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, announces the appointment of multi-talented singer, actress and real-life aunt, Chloe Bailey, as the brand's first-ever S'Auntie Claus. S'Auntie Claus is not your typical holiday helper; she's redefining the magic of Santa Claus as the “cool a...

Carter's strategy includes closing low-margin stores, opening high-margin ones, and leveraging omni-channel sales, boosting customer growth and e-commerce. Strong relationships with Target, Walmart, and Amazon expand CRI's customer base, countering domestic sales declines and emphasizing the importance of emotional marketing. Current valuation at a P/E ratio of 10.5x and a 5.6% dividend yield o...

Carter's, Inc.'s Q3 2024 results showed a 4% sales decline, with aggressive pricing strategies impacting margins; a challenging Q4 is expected with further sales declines. Despite a 15% stock drop post-earnings, I maintain a Hold rating due to ongoing challenges and an insufficient yield to entice investment. Wholesale volumes grew, driven by Amazon and Walmart, but retail remains pressured; di...