Products

Stocks and ETFs


Invest in 3,500+ global companies

Stacks


Curated, ready-made portfolios

Cash managment


Save, invest and spend from a single account

For Businesses
About us
Insights
Login
Contact
Help

Investing -

Featured -

Research -

Trending

Stocks of Carter’s Inc. take a plunge by 12%

February 26 2020 - Team Stockal

SHARE

Carter’s Inc. (NYSE: CRI), a major American designer & marketer of children’s apparel reported earnings on Monday.

Source:  Apparel Resources

The apparel company reported adjusted diluted earnings per share of $2.81 on Net Sales of $1.1 billion for the fourth quarter. The market though was expecting an EPS of $2.89.

CRI shares were down by 12% as the company also reported a weak forecast for the year 2020. This has happened amidst a broader market meltdown triggered by fears of a coronavirus pandemic. Both the major indices, S&P 500 as well as the Dow Jones Industrial Average plunged by over 3.5% on Monday, the biggest one-day drop in two years!

Source: Yahoo Finance

Other key highlights from Carter’s earnings release are:

Fiscal Q4-2019 results:

– Net sales $1.1 billion, growth of 1.3%

– Diluted EPS $2.82; adjusted diluted EPS $2.81

Full-year fiscal 2019 results:

– Net sales $3.5 billion, growth of 1.6%

– Diluted EPS $5.85; adjusted diluted EPS $6.46

Over the year 2019, the company returned $287 million to shareholders through share repurchases and dividends.

For the year 2020, Carter announced a $500 million share repurchase program and a 20% increase in the quarterly dividend to $0.60 per share.

As guidance for 2020, the company expects a net sales growth of anywhere between 2% to 3% and adjusted diluted EPS growth of 4% to 6%  as compared to adjusted diluted earnings per share of $6.46 in the fiscal year 2019.

The impact of the coronavirus needs to be studied carefully as the company expects its dependence on sourcing from China to only increase. Any positive news at this time can create buying opportunities for Carter’s Inc.

Want to invest in Global Markets?
Now you can, with Stockal

Want to invest
in Global Markets?
Now you can, with Stockal

Simple


Robust security across
platform. Protection up to
$500,000 through SIPC

Secure


Easy onboarding, No
account Minimums. Invest in
Fractional Stocks

Smart


Access world class research
and analysis. Timely alerts
about investments

Related Stories

Investing -

Featured -

Research -

Trending

Music Stocks Strike the Right Chord with Investors...

Music stocks in the United States, including those offering streaming services, were buzzing all ...

February 24 2021

Investing -

Featured -

Research -

Trending

Kratos and Skechers: Hot Investments to Strengthen...

When the markets face constant fluctuations and investor battles like never before, it becomes ne...

February 23 2021

Investing -

Featured -

Research -

Trending

Stacks: The One Click Portfolio Investment

U.S. stock markets have been major wealth creators among other global equities, having withstood ...

February 17 2021

Investing -

Featured -

Research -

Trending

SPACs: The Bullet Train For Firms To Go Public...

SPAC (special purpose acquisition vehicle) was arguably one of the key buzzwords in 2020 when sev...

February 10 2021

Investing -

Featured -

Research -

Trending

Lidar Stocks Are On Fire As Autonomous Vehicles Sw...

As driverless cars gain popularity and get set for a large-scale adoption ahead, investors have b...

February 3 2021

Investing -

Featured -

Research -

Trending

WhatsApp Privacy Concern “Signals” New Era

Less than 15 days into the new year and stay-at-home saviours — social media and messaging apps —...

January 13 2021

Other Categories

Investing

94 Articles

Investing 101

46 Articles

Market Blog

206 Articles

Research

39 Articles

Technical Analysis

40 Articles

Trends

26 Articles

App launching soon.
Coming soon to iOS and Android
Products
  • Stacks
  • Stocks & ETFs
  • Cash Management
Company
  • For Businesses
  • About Us
  • Blog
Support
  • +91-22-42792110
  • Contact Us
  • Help
Social
  • Facebook
  • Twitter
  • LinkedIn

2021 Stockal Inc. All Rights Reserved.

Privacy PolicyDisclaimer

              Stockal Inc. (“Stockal”) is not a broker-dealer nor an investment advisor, but a platform that enables investments in a diverse set of global assets from a single account from anywhere in the world. As such, Stockal makes no warranties or representations, express or implied, on products and services offered through its website/platform. It accepts no liability for any damages or losses, however, caused in connection with the use of related services.

              All investments involve risk and returns will fluctuate, are subject to market volatility and may cause losses. The material on this website/platform is provided solely for informational and educational purposes and shall not in any manner be considered a recommendation or endorsement of any strategy or investment, nor an offer to sell or a solicitation of an offer to buy securities, products or services nor advice. Stockal makes no guarantee as to the currency, accuracy, or quality of information published and/or archived on this website/platform, nor will Stockal accept any responsibility for other organizations, businesses, and private persons that provide information on this website/platform. All information on this website/platform regarding products and services provided by Stockal is subject to change without notice. Reasonable efforts are taken to ensure the accuracy and integrity of all information provided here, but Stockal is not responsible for misprints, out of date information, or errors. Any investment decision and/or strategy that investors make or employ, whether or not such decision or strategy derives from or relies upon material accessed or provided through this website/platform, is undertaken at the investor’s sole discretion and risk. Before making any investment decisions, investors should consult additional sources of information and/or their legal or tax advisor. PLEASE READ THIS DISCLOSURE CAREFULLY BEFORE USING THIS SERVICE. BY USING THE SERVICE OR CLICKING AGREE YOU ARE AGREEING TO BE BOUND BY THESE DISCLOSURES AND ALL TERMS AND CONDITIONS ON THIS WEBSITE/PLATFORM.

              All brands and logos used on this website are the property of their respective owners