Rockefeller Capital Management L.P. Unloads 394064 Shares of Carter’s, Inc
June 27, 2023
☀️Trending News
Carter’s ($NYSE:CRI), Inc. is a leading branded marketer of apparel and related products exclusively for babies and young children. Carter’s is headquartered in Atlanta, Georgia and its shares are publicly traded on the New York Stock Exchange (NYSE). This disposal is the latest in a series of moves by Rockefeller Capital Management to reduce its size in the company. The decision appears to be part of a larger strategy to diversify and reduce risk with investments.
Price History
On Monday, the stock of Carter’s, Inc opened at $65.6 and closed at $66.8, a 2.5% increase from its previous closing price of $65.2. The selloff likely contributed to the rise in CARTER’S stock, as investors no doubt saw the potential for the company amidst the selling activity. With such a positive closing price on Monday, CARTER’S stock looks to be a promising investment opportunity for those looking to capitalize on the current market conditions. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carter’s. More…
| Total Revenues | Net Income | Net Margin |
| 3.13k | 214.73 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carter’s. More…
| Operations | Investing | Financing |
| 294.37 | -46.54 | -790.56 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carter’s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.28k | 1.49k | 21.07 |
Key Ratios Snapshot
Some of the financial key ratios for Carter’s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.1% | 3.6% | 10.0% |
| FCF Margin | ROE | ROA |
| 7.9% | 24.6% | 8.6% |
Analysis
GoodWhale has evaluated the fundamentals of CARTER’S and found it to be a high risk investment. We have examined their financial and business aspects and identified three risk warnings in their income statement, balance sheet, and non-financial information. For investors considering CARTER’S, these risk warnings should be taken seriously. For example, in the income statement there may be signs of declining sales or decreasing profits. In the balance sheet, there may be signs of increasing debt or difficulty in liquidating assets. And in the non-financial side, there may be signs of poor management or a lack of strategic direction. If you would like to learn more about these risk warnings and what they mean for your potential investment in CARTER’S, we invite you to become a registered user on GoodWhale. Our platform gives you access to detailed reports and analysis of the company’s risk profile. More…
Peers
The company’s competitors include Children’s Place Inc, Apranga APB, and Boot Barn Holdings Inc.
– Children’s Place Inc ($NASDAQ:PLCE)
Children’s Place Inc is a publicly traded company with a market capitalization of 506.93M as of 2022. The company’s return on equity is 55.72%. Children’s Place Inc is a specialty retailer of children’s apparel and accessories. The company operates through two segments: North America and Europe. Children’s Place Inc offers a variety of merchandise, including clothing, footwear, accessories, and gifts. The company was founded in 1969 and is headquartered in Secaucus, New Jersey.
– Apranga APB ($LTS:0KJF)
As of 2022, Apranga APB has a market cap of 103.12M. The company’s return on equity is 19.95%. Apranga APB is a Lithuanian clothing retail chain. The company was founded in 1989 and is headquartered in Vilnius, Lithuania. Apranga APB operates in Lithuania, Latvia, and Estonia. The company operates a chain of stores under the Apranga and APB brands. Apranga APB offers a range of clothing, footwear, and accessories for men, women, and children.
– Boot Barn Holdings Inc ($NYSE:BOOT)
As of 2022, Boot Barn Holdings Inc has a market cap of 1.71B and a Return on Equity of 23.87%. The company is a retailer of western and work-related footwear, apparel, and accessories for men, women, and children.
Summary
This divestment signals a negative outlook for the stock, and investors should consider carefully the potential risks. The sale comes with CARTER’S having reported disappointing earnings for recent quarters, with analysts expecting future growth to be limited. Market uncertainty surrounding the consumer retail sector could mean further downside risk for the stock, and investors should monitor developments closely.
Additionally, other signs of caution include rising debt levels and reduced returns on equity in recent years. In light of these factors, investors should exercise caution when considering investing in CARTER’S stock.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
