Childrens Place SVP Unloads $196,656 in Stock (PLCE)
Childrens Place (NASDAQ:PLCE) SVP Kevin Low sold 3,623 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $54.28, for a total transaction of $196,656.44. Following the completion of the sale, the senior vice president now directly owns 44,134 shares in the company, valued at approximately $2,395,594. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Childrens Place (NASDAQ:PLCE) traded down 0.83% during mid-day trading on Thursday, hitting $53.83. The stock had a trading volume of 240,355 shares. Childrens Place has a one year low of $44.54 and a one year high of $58.89. The stock’s 50-day moving average is $50.27 and its 200-day moving average is $49.99. The company has a market cap of $1.175 billion and a P/E ratio of 20.34.
Childrens Place (NASDAQ:PLCE) last announced its earnings results on Thursday, August 21st. The company reported ($0.37) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.45) by $0.08. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $378.63 million. During the same quarter last year, the company posted ($0.42) earnings per share. Childrens Place’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Childrens Place will post $3.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Investors of record on Friday, September 26th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, September 24th.
PLCE has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Childrens Place in a research note on Friday, August 22nd. They now have a $61.00 price target on the stock, up previously from $59.00. Separately, analysts at Telsey Advisory Group raised their price target on shares of Childrens Place from $55.00 to $58.00 in a research note on Friday, August 22nd. They now have a “not rated” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Childrens Place in a research note on Monday, August 18th. They now have a $52.00 price target on the stock, down previously from $54.00. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $54.22.
Childrens Place Inc(NASDAQ:PLCE), formerly The Children’s Place Retail Stores, Inc, is a pure-play children’s specialty apparel retailer in North America.
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