Children's Place Retail Stores CEO Sells $5,839,017 in Stock (PLCE)
Children's Place Retail Stores (NASDAQ:PLCE) CEO Jane T. Elfers sold 123,212 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $47.39, for a total value of $5,839,016.68. Following the sale, the chief executive officer now directly owns 220,872 shares of the company’s stock, valued at approximately $10,467,124. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Children's Place Retail Stores (NASDAQ:PLCE) traded up 1.15% on Monday, hitting $48.44. The stock had a trading volume of 420,474 shares. Children's Place Retail Stores has a 52-week low of $44.54 and a 52-week high of $58.89. The stock has a 50-day moving average of $47.78 and a 200-day moving average of $51.86. The company has a market cap of $1.058 billion and a P/E ratio of 22.89.
Children's Place Retail Stores (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, May 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The company had revenue of $410.10 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that Children's Place Retail Stores will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Wednesday, June 25th.
PLCE has been the subject of a number of recent research reports. Analysts at Buckingham Research upgraded shares of Children's Place Retail Stores from a “neutral” rating to a “buy” rating in a research note on Friday, May 23rd. They now have a $55.00 price target on the stock, up previously from $52.00. Separately, analysts at Goldman Sachs cut their price target on shares of Children's Place Retail Stores to $36.00 in a research note on Tuesday, May 20th. Finally, analysts at Zacks upgraded shares of Children's Place Retail Stores from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $47.40 price target on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Children's Place Retail Stores currently has a consensus rating of “Buy” and a consensus target price of $54.14.
The Children’s Place Retail Stores, Inc operates as a specialty retailer of apparel and accessories for children.
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