The Anurup Pruthi Sells 355 Shares of The Children’s Place Retail Stores Inc. (PLCE) Stock

The Anurup Pruthi Sells 355 Shares of The Children’s Place Retail Stores Inc. (PLCE) Stock

The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) CFO Anurup Pruthi sold 355 shares of the business’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $102.40, for a total value of $36,352.00. Following the sale, the chief financial officer now owns 12,951 shares of the company’s stock, valued at approximately $1,326,182.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) opened at 101.00 on Thursday. The stock’s 50 day moving average is $104.54 and its 200 day moving average is $87.56. The firm has a market capitalization of $1.82 billion, a P/E ratio of 22.89 and a beta of 0.36. The Children’s Place Retail Stores Inc. has a one year low of $59.76 and a one year high of $111.20.

The Children’s Place Retail Stores (NASDAQ:PLCE) last released its quarterly earnings data on Thursday, November 17th. The company reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.28. The company earned $473.80 million during the quarter, compared to the consensus estimate of $461.98 million. The Children’s Place Retail Stores had a net margin of 4.86% and a return on equity of 18.24%. The Children’s Place Retail Stores’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $1.93 EPS. On average, equities research analysts predict that The Children’s Place Retail Stores Inc. will post $5.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Saturday, December 17th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.79%. The ex-dividend date was Wednesday, December 14th. The Children’s Place Retail Stores’s dividend payout ratio (DPR) is presently 17.98%.

A number of equities research analysts have recently issued reports on the company. Williams Capital boosted their price objective on The Children’s Place Retail Stores from $107.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, January 6th. Mizuho boosted their price objective on The Children’s Place Retail Stores from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, January 5th. FBR & Co boosted their price objective on The Children’s Place Retail Stores from $102.00 to $113.00 and gave the stock an “outperform” rating in a report on Wednesday, January 4th. Bank of America Corp. upgraded The Children’s Place Retail Stores from an “underperform” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Wednesday, November 30th. Finally, BMO Capital Markets restated a “hold” rating on shares of The Children’s Place Retail Stores in a report on Saturday, November 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $93.13.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in The Children’s Place Retail Stores by 20.7% in the second quarter. Vanguard Group Inc. now owns 2,081,151 shares of the company’s stock valued at $166,866,000 after buying an additional 357,029 shares during the period. BlackRock Fund Advisors increased its position in The Children’s Place Retail Stores by 5.0% in the third quarter. BlackRock Fund Advisors now owns 1,301,915 shares of the company’s stock valued at $103,984,000 after buying an additional 62,343 shares during the period. FMR LLC increased its position in The Children’s Place Retail Stores by 457.3% in the second quarter. FMR LLC now owns 1,189,835 shares of the company’s stock valued at $95,401,000 after buying an additional 976,325 shares during the period. Royce & Associates LP increased its position in The Children’s Place Retail Stores by 8.2% in the second quarter. Royce & Associates LP now owns 988,243 shares of the company’s stock valued at $79,237,000 after buying an additional 75,000 shares during the period. Finally, JPMorgan Chase & Co. increased its position in The Children’s Place Retail Stores by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 951,170 shares of the company’s stock valued at $75,970,000 after buying an additional 8,285 shares during the period.

About The Children’s Place Retail Stores

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

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