The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) was downgraded by research analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday. They currently have a $88.00 price objective on the stock, down from their previous price objective of $99.00. Piper Jaffray Cos.’s price target would indicate a potential upside of 6.29% from the company’s previous close.

Several other analysts also recently commented on PLCE. Morgan Stanley restated a “buy” rating on shares of The Children’s Place Retail Stores in a research report on Monday, August 22nd. Citigroup Inc. raised their target price on shares of The Children’s Place Retail Stores from $80.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th. Telsey Advisory Group lifted their price objective on shares of The Children’s Place Retail Stores from $83.00 to $93.00 and gave the stock a “market perform” rating in a research note on Thursday, August 18th. FBR & Co dropped their price objective on shares of The Children’s Place Retail Stores from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, August 18th. Finally, Mizuho raised their target price on shares of The Children’s Place Retail Stores from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $83.07.

Shares of The Children’s Place Retail Stores (NASDAQ:PLCE) traded down 4.18% on Wednesday, reaching $79.33. 352,700 shares of the company traded hands. The stock has a 50-day moving average price of $82.77 and a 200 day moving average price of $78.49. The firm has a market capitalization of $1.46 billion and a P/E ratio of 19.67. The Children’s Place Retail Stores has a 1-year low of $46.74 and a 1-year high of $90.00.

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The Children’s Place Retail Stores (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, August 17th. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.22. The Children’s Place Retail Stores had a net margin of 4.58% and a return on equity of 17.14%. The business had revenue of $371.40 million for the quarter, compared to the consensus estimate of $367.51 million. During the same period last year, the firm earned ($0.33) earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts anticipate that The Children’s Place Retail Stores will post $4.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, September 14th. The Children’s Place Retail Stores’s dividend payout ratio (DPR) is presently 20.15%.

In other The Children’s Place Retail Stores news, COO Michael Scarpa sold 15,463 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $85.49, for a total transaction of $1,321,931.87. Following the completion of the transaction, the chief operating officer now owns 64,122 shares of the company’s stock, valued at $5,481,789.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.93% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in PLCE. Stifel Financial Corp bought a new position in shares of The Children’s Place Retail Stores during the fourth quarter valued at $1,831,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of The Children’s Place Retail Stores by 187.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,454 shares of the company’s stock valued at $117,000 after buying an additional 949 shares in the last quarter. BlackRock Inc. boosted its stake in shares of The Children’s Place Retail Stores by 62.9% in the first quarter. BlackRock Inc. now owns 1,740 shares of the company’s stock valued at $145,000 after buying an additional 672 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of The Children’s Place Retail Stores during the second quarter valued at about $216,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of The Children’s Place Retail Stores by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 2,840 shares of the company’s stock valued at $228,000 after buying an additional 344 shares in the last quarter.

The Children’s Place Retail Stores Company Profile

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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