Carter's Plunges 22% in a Month: What's Next for Investors?

Carter's, Inc. (CRI) has faced a challenging period in 2024, with its shares dropping 21.5% over the past month. This decline contrasts with the broader performance of the Zacks Shoes and Retail Apparel industry, which saw a moderate decrease of 3.7%. The company's dismal performance is due to the curtailed consumer discretionary spending, owing to rising inflation and higher interest rates.Image Source: Zacks Investment ResearchCarter’s current stock price of $52.84 reflects a 40% discount from its 52-week ...