The company previously reported that it fired its president, and it has restated about five years of earnings. Gerrick L. Johnson, an analyst with BMO Capital Markets Corp., said it appears the incident is behind Carter's. The Carter's name appears very popular with parents because of its quality and value, he said. That's partly because the company offers a lot of promotions, he said, and items can be bought on sale for about the same price as a discounter's private label. "It's a very popular gift item for baby showers because of what the brand represents," said Johnson 
Share:  <span class="sent">The company previously reported that it fired its president, and it has restated about five years of earnings. Gerrick L. Johnson, an analyst with BMO Capital Markets Corp., said it appears the incident is behind <span class="company">Carter</span>'s.</span> The <span class="company">Carter</span>'s name appears very popular with parents because of its quality and value, he said. That's partly because the company offers a lot of promotions, he said, and items can be bought on sale for about the same price as a discounter's private label. "It's a very popular gift item for baby showers because of what the brand represents," said Johnson....<span class="sent">The company previously reported that it fired its president, and it has restated about five years of earnings. Gerrick L. Johnson, an analyst with BMO Capital Markets Corp., said it appears the incident is behind <span class="company">Carter</span>'s.</span> The <span class="company">Carter</span>'s name appears very popular with parents because of its quality and value, he said. That's partly because the company offers a lot of promotions, he said, and items can be bought on sale for about the same price as a discounter's private label. "It's a very popular gift item for baby showers because of what the brand represents," said Johnson. Tweet this 

Carter's CRI reported resilient 2009 results, affirming our thesis that the firm's value priced positioning, solid brand name, and diverse distribution channels should help maintain strong top line growth. Results were in line with our projections, and we are maintaining our fair value estimate. Total revenue grew 6.4% in 2009, driven primarily by a 7.4% increase in sales from Carter's branded products and a 2.6% growth in the OshKosh label. 
Share:  Carter's <span class="company">CRI</span> reported resilient 2009 results, affirming our thesis that the firm's value priced positioning, solid brand name, and diverse distribution channels should help maintain strong top line growth. Results were in line with our projections, and we are maintaining our fair value estimate. Total revenue grew 6.4% in 2009, driven primarily by a 7.4% increase in sales from Carter's branded products and a 2.6% growth in the OshKosh label. Tweet this 

Carter's, Inc (NYSE: CRI) today announced the appointment of Amy Woods Brinkley to its Board of Directors. "We welcome Amy Brinkley to our Board of Directors," noted Michael D. Casey, Chairman and Chief Executive Officer. "Amy brings with her a wealth of experience and has a particular expertise in risk management, an area of increasing importance in today's business environment." 
Share:  Carter's, Inc (NYSE: CRI) today announced the appointment of Amy Woods Brinkley to its Board of Directors. "We welcome Amy Brinkley to our Board of Directors," noted Michael D. Casey, Chairman and Chief Executive Officer. "Amy brings with her a wealth of experience and has a particular expertise in risk management, an area of increasing importance in today's business environment." Tweet this 

"With the majority of its products sold for less than $10, we believe Carter's is an excellent value proposition for parents," says Morningstar analyst Zoe Tan in a recent report 
Share:  <span class="sent">"With the majority of its products sold for less than $10, we believe <span class="company">Carter's</span> is an excellent value proposition for parents," says <span class="analyst">Morningstar</span> analyst Zoe Tan in a recent report</span> Tweet this 

And other firms are investigating the situation, according to press releases. The two complaints already filed accuse Carter's officers and directors of violating the Securities Exchange Act by issuing false and misleading statements about financial results, which artificially inflated stock prices. After Carter's announced it would have to restate about four years of earnings, the stock price plunged in value. Shares declined nearly 24 percent and the company lost more than $350 million of market capitalization, said the law firm Barrack, Rodos & Bacine of Philadelphia. Analyst Gerrick Johnson with BMO Capital Markets said the suits were not unexpected, as the stock dropped due to "something the company had control over," as opposed to something driven by consumer tastes.  
Share:  And other firms are investigating the situation, according to press releases. The two complaints already filed accuse <span class="company">Carter</span>'s officers and directors of violating the Securities Exchange Act by issuing false and misleading statements about financial results, which artificially inflated stock prices. After <span class="company">Carter</span>'s announced it would have to restate about four years of earnings, the stock price plunged in value. Shares declined nearly 24 percent and the company lost more than $350 million of market capitalization, said the law firm Barrack, Rodos & Bacine of Philadelphia. <span class="sent"> Analyst <span class="analyst">Gerrick Johnson</span> with BMO Capital Markets said the suits were not unexpected, as the stock dropped due to "something the company had control over," as opposed to something driven by consumer tastes. </span>...And other firms are investigating the situation, according to press releases. The two complaints already filed accuse <span class="company">Carter</span>'s officers and directors of violating the Securities Exchange Act by issuing false and misleading statements about financial results, which artificially inflated stock prices. After <span class="company">Carter</span>'s announced it would have to restate about four years of earnings, the stock price plunged in value. Shares declined nearly 24 percent and the company lost more than $350 million of market capitalization, said the law firm Barrack, Rodos & Bacine of Philadelp Tweet this 

Moody's may be regretting singling out Carter's as an exception to its negative outlook for the apparel industry. Last week ResearchRecap quoted Moody's as saying: . "A well executed retail strategy can turn a profit, grow the business, and increase market share. 
Share:  <span class="sent">Moody's may be regretting singling out <span class="company">Carter</span>'s as an exception to its negative outlook for the apparel industry. Last week ResearchRecap quoted Moody's as saying: . </span> "A well executed retail strategy can turn a profit, grow the business, and increase market share. Tweet this 

We are concerned about Carter's ability to remain in compliance with its bank loan covenants and uncertainty surrounding the materiality of any findings in the investigations. – S&P However, Margaret Whitfield, senior analyst at Sterne Agee & Leach , supports Moody's underlying view."The restatement and the filing of the 10 Q may be weeks away, hopefully in December, but it could possibly drag into the New Year," she said adding that Carter's "underlying business is quite healthy and that the issues related to the mark down accommodations which may involve restatements detract from what is going on with the company overall." .  
Share:  We are concerned about Carter's ability to remain in compliance with its bank loan covenants and uncertainty surrounding the materiality of any findings in the investigations. <span class="sent">– S&P However, <span class="analyst">Margaret Whitfield</span>, senior analyst at Sterne Agee & Leach , supports Moody's underlying view."The restatement and the filing of the 10 Q may be weeks away, hopefully in December, but it could possibly drag into the New Year," she said adding that Carter's "underlying business is quite healthy and that the issues related to the mark down accommodations which may involve restatements detract from what is going on with the company overall." . </span> Tweet this 

Smallcap Carter's slumped 10.2 percent to $21.58 after the children's clothing retailer said it would restate some historical results for periods beginning in 2004. For details, see [ID:nBNG493568] Credit ratings agency Moody's subsequently placed Carter's on review for a possible downgrade. "The restatement and the filing of the 10 Q may be weeks away, hopefully in December, but it could possibly drag into the New Year," said Margaret Whitfield, senior analyst at Sterne Agee & Leach. Whitfield said, however, that Carter's "underlying business is quite healthy and that the issues related to the mark down accommodations which may involve restatements detract from what is going on with the company overall." 
Share:  Smallcap <span class="company">Carter</span>'s slumped 10.2 percent to $21.58 after the children's clothing retailer said it would restate some historical results for periods beginning in 2004. For details, see [ID:nBNG493568] Credit ratings agency Moody's subsequently placed <span class="company">Carter</span>'s on review for a possible downgrade. <span class="sent"> "The restatement and the filing of the 10 Q may be weeks away, hopefully in December, but it could possibly drag into the New Year," said <span class="analyst">Margaret Whitfield</span>, senior analyst at Sterne Agee & Leach. </span> Whitfield said, however, that <span class="company">Carter</span>'s "underlying business is quite healthy and that the issues related to the mark down accommodations which may involve restatements detract from what is going on with the company overall." ...Smallcap <span class="company">Carter</span>'s slumped 10.2 percent to $21.58 after the children's clothing retailer said it would restate some historical results for periods beginning in 2004. For details, see [ID:nBNG493568] Credit ratings agency Moody's subsequently placed <span class="company">Carter</span>'s on review for a possible downgrade. <span class="sent"> "The restatement and the filing of the 10 Q may be weeks away, hopefully in December, but it could possibly drag into the New Year," said <span class="analyst">Margaret Whitfield</span>, senior analyst at Sterne Agee & Leach. </span> Whitfield said, however, that <span class="company">Carter</span>'s "underlying business is Tweet this 

The review, by the audit committee and outside counsel, is in progress. Carter's, based in Atlanta, plans to restate financials as soon as possible. "We've initiated a dialogue with the SEC and informed them of this review," said CEO Michael D. Casey. "In addition, we are improving internal controls and management processes to help reduce risks inherent in this component of our business going forward." Sterne Agee analyst Margaret Whitfield said in a note to investors that the restatement and review could result in a change in top management, since Casey, the CEO, was CFO during the time in question. In addition, activist shareholders could seek management change or a change in control, or even interest from private equity or strategic buyers. 
Share:  The review, by the audit committee and outside counsel, is in progress. <span class="company">Carter</span>'s, based in Atlanta, plans to restate financials as soon as possible. "We've initiated a dialogue with the SEC and informed them of this review," said CEO Michael D. Casey. <span class="sent"> "In addition, we are improving internal controls and management processes to help reduce risks inherent in this component of our business going forward." Sterne Agee analyst <span class="analyst">Margaret Whitfield</span> said in a note to investors that the restatement and review could result in a change in top management, since Casey, the CEO, was CFO during the time in question. </span> In addition, activist shareholders could seek management change or a change in control, or even interest from private equity or strategic buyers. ...The review, by the audit committee and outside counsel, is in progress. <span class="company">Carter</span>'s, based in Atlanta, plans to restate financials as soon as possible. "We've initiated a dialogue with the SEC and informed them of this review," said CEO Michael D. Casey. <span class="sent"> "In addition, we are improving internal controls and management processes to help reduce risks inherent in this component of our business going forward." Sterne Agee analyst <span class="analyst">Margaret Whitfield</span> said in a note to investors that the restatement and review could result in a change in top management, since Casey, the CEO, was CFO during the time in question. </span> In addition, activist shareholder Tweet this 

The review, by the audit committee and outside counsel, is in progress. Carter's, based in Atlanta, plans to restate financials as soon as possible. "We've initiated a dialogue with the SEC and informed them of this review," said CEO Michael D. Casey. "In addition, we are improving internal controls and management processes to help reduce risks inherent in this component of our business going forward." Sterne Agee analyst Margaret Whitfield said in a note to investors that the restatement and review could result in a change in top management, since Casey, the CEO, was CFO during the time in question. In addition, activist shareholders could seek management change or a change in control, or even interest from private equity or strategic buyers. 
Share:  The review, by the audit committee and outside counsel, is in progress. <span class="company">Carter</span>'s, based in Atlanta, plans to restate financials as soon as possible. "We've initiated a dialogue with the SEC and informed them of this review," said CEO Michael D. Casey. <span class="sent"> "In addition, we are improving internal controls and management processes to help reduce risks inherent in this component of our business going forward." Sterne Agee analyst <span class="analyst">Margaret Whitfield</span> said in a note to investors that the restatement and review could result in a change in top management, since Casey, the CEO, was CFO during the time in question. </span> In addition, activist shareholders could seek management change or a change in control, or even interest from private equity or strategic buyers. ...The review, by the audit committee and outside counsel, is in progress. <span class="company">Carter</span>'s, based in Atlanta, plans to restate financials as soon as possible. "We've initiated a dialogue with the SEC and informed them of this review," said CEO Michael D. Casey. <span class="sent"> "In addition, we are improving internal controls and management processes to help reduce risks inherent in this component of our business going forward." Sterne Agee analyst <span class="analyst">Margaret Whitfield</span> said in a note to investors that the restatement and review could result in a change in top management, since Casey, the CEO, was CFO during the time in question. </span> In addition, activ Tweet this