Carters Inc (CRI) Files Form 4 Insider Selling : Richard F. Westenberger Sells 4,000 Shares

Carters Inc (CRI): Richard F. Westenberger , Chief Financial Officer of Carters Inc sold 4,000 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $107.44 per share for a total value of $429,760.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Brian Lynch (President, Carter’s, Inc.) sold 7,000 shares at $102.40 per share price.On Mar 3, 2016, Julie D’emilio (Senior Vice President – Sales) sold 7,500 shares at $102.04 per share price.Also, On Mar 2, 2016, Greg Foglesong (SVP – Marketing) sold 4,500 shares at $102.62 per share price.On Dec 2, 2015, Michael Dennis Casey (Chief Executive Officer) sold 23,610 shares at $87.29 per share price.

Shares of Carter's (CRI) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.48 points or -0.45% at $105.05 with 3,39,673 shares getting traded. Post opening the session at $105.38, the shares hit an intraday low of $104.29 and an intraday high of $105.89 and the price vacillated in this range throughout the day. The company has a market cap of $5,333 M and the number of outstanding shares has been calculated to be 5,07,70,965 shares. The 52-week high of Carter's is $109.53 and the 52-week low is $82.22.

Carter's Money Flow Index Chart

Company has been under the radar of several Street Analysts.Carter's is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 111 from a previous price target of $104 .The Rating was issued on Apr 29, 2016.

Carter’s Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry Carter’s and OshKosh. The Company operates through five business segments: Carter’s retail Carter’s wholesale OshKosh retail OshKosh wholesale and International. It offers multiple product categories including baby sleepwear playclothes and related accessories. As of January 3 2015 the Company had approximately 18000 wholesale locations (including national department stores chain and specialty stores and discount retailers) 855 Company-operated stores and its Websites. As of January 3 2015 the Company operated 531 Carter’s and 200 OshKosh outlet brand and specialty stores in the United States. As of January 3 2015 its products are sold through 124 Company-operated stores in Canada in addition to its international wholesale licensing and online channels.

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