- Carter's has dropped back below my estimates of intrinsic value and on the brink of becoming a compelling purchase/add once again.
- With its long history of stable and strong operating performance, I estimate its EPV-based value around $120-$130 per share.
- On a relative value pricing basis (EV/EBITDA), shares are trading at the low end of its historical range over recent years.
- Based on tale-tells from management and the market's concern for inflationary pressures in the economy, Q2 earnings could create a catalyst that allows investors to buy shares in CRI on the cheap (at least in my view of cheap).
For further details see:
Carter's Inc.: Preparing To Pounce