CRI - Massive Insider Trade At Carter's | Benzinga
Mark Hipp, Director at Carter's (NYSE:CRI), reported an insider sell on March 22, according to a new SEC filing.
What Happened: According to a Form 4 filing with the U.S. Securities and Exchange Commission on Friday, Hipp sold 1,875 shares of Carter's. The total transaction value is $153,260.
Carter's shares are trading down 0.0% at $84.59 at the time of this writing on Friday morning.
Unveiling the Story Behind Carter's
Carter's Inc makes apparel for babies and children under brand names including Carter's and OshKosh B'gosh. It sells its products through a multi-channel business model, which includes retail stores, eCommerce, and wholesale sales channels, as well as retail omnichannel capabilities in the United States and Canada, which enables it to reach a broad range of consumers around the world. The company operates in three segments; U.S. Retail, U.S. Wholesale, and International. The majority of Carter's sales are in the U.S. and through Carter's brand. The company predominantly sources products through contract manufacturers in Asia. It has multiple distribution centers in the U.S., in addition to distribution centers in Canada and Asia that serve international customers.
Carter's's Financial Performance
Negative Revenue Trend: Examining Carter's's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -5.95% in revenue ...