Yahoo Finance Here's Why Carter's (CRI) is a Strong Value Stock
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.
Why Investors Should Pay Attention to This Value Stock
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.
Carter's (CRI)
Headquartered in Atlanta, GA, Carter’s Inc. is the largest marketer of branded apparel and related products for babies, and young children in North America. Notably, the company has a portfolio of popular brands, including Carter’s, OshKoshB'gosh, Just One You, Child of Mine, Simple Joys, Skip Hop, and Precious Firsts. It sells the products through leading department stores, national chains and specialty retailers, both domestically and internationally. Additionally, Carter’s showcases its products through company-operated stores in the United States, Canada and Mexico, and its websites namely www.carters.com, www.oshkoshbgosh.com, www.carters.com.mx. and www.cartersoshkosh.ca.
CRI sits at a Zacks Rank #3 (Hold), holds a Value Style Score of A, and has a VGM Score of A. Compared to the Shoes and Retail Apparel industry's P/E of 14.2X, shares of Carter's are trading at a forward P/E of 11.1X. CRI also has a PEG Ratio of 2.1, a Price/Cash Flow ratio of 8.8X, and a Price/Sales ratio of 0.9X.
Many value investors pay close attention to a company's earnings as well. For CRI, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.04 to $6.45 per share for 2024. Per share CRI boasts an average earnings surprise of 36.7%.
Investors should take the time to consider CRI for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Carter's, Inc. (CRI) : Free Stock Analysis Report
