Carter's (CRI) Announces Timing of its Release of Plan to Return to Growth, Capital Allocation Strategy Revision, and Declaration of $0.25 Quarterly Dividend

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Go back to Carter's (CRI) Announces Timing of its Release of Plan to Return to Growth, Capital Allocation Strategy Revision, and Declaration of $0.25 Quarterly Dividend

Avoid this U.S. retail stock as 'story remains challenged': analyst

May 21, 2025 6:30 PM EDT

Wells Fargo is advising investors to steer clear of a certain U.S. retail stock, reiterating its Underweight rating and $28 price target following the companys decision to slash its quarterly dividend by 70%.

Carter's (NYSE: CRI) is the stock in question.

[We] reiterate UW as CRI's new leadership makes the tough decision to manage their cap structure (cutting dividend 70%),... More