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

Other research analysts have also recently issued research reports about the company. Morgan Stanley reiterated a “buy” rating on shares of The Children’s Place Retail Stores in a research note on Monday, August 22nd. Mizuho lifted their price objective on The Children’s Place Retail Stores from $85.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. upgraded The Children’s Place Retail Stores to a “buy” rating and set a $93.00 price objective for the company in a research note on Thursday, May 26th. Zacks Investment Research cut The Children’s Place Retail Stores from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Finally, Telsey Advisory Group lifted their price objective on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the company a “market perform” rating in a research note on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company 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 3.70% during midday trading on Wednesday, reaching $79.73. The company had a trading volume of 121,593 shares. The Children’s Place Retail Stores has a one year low of $46.74 and a one year high of $90.00. The company has a 50-day moving average price of $82.77 and a 200 day moving average price of $78.49. The company has a market capitalization of $1.46 billion and a P/E ratio of 19.76.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be issued 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 is presently 20.15%.

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

Several institutional investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC increased its position in shares of The Children’s Place Retail Stores by 1.0% in the second quarter. Chicago Equity Partners LLC now owns 13,975 shares of the company’s stock valued at $1,121,000 after buying an additional 145 shares during the last quarter. Suntrust Banks Inc. increased its position in shares of The Children’s Place Retail Stores by 5.6% in the second quarter. Suntrust Banks Inc. now owns 3,368 shares of the company’s stock valued at $270,000 after buying an additional 179 shares during the last quarter. Legal & General Group Plc increased its position in shares of The Children’s Place Retail Stores by 6.5% in the first quarter. Legal & General Group Plc now owns 4,443 shares of the company’s stock valued at $369,000 after buying an additional 273 shares during the last quarter. Arizona State Retirement System increased its position in shares of The Children’s Place Retail Stores by 3.0% in the first quarter. Arizona State Retirement System now owns 10,244 shares of the company’s stock valued at $855,000 after buying an additional 300 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of The Children’s Place Retail Stores by 6.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,325 shares of the company’s stock valued at $444,000 after buying an additional 335 shares during 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.

5 Day Chart for NASDAQ:PLCE

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