Shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) fell 3.8% during trading on Wednesday . The stock traded as low as $78.90 and last traded at $79.61, with a volume of 415,552 shares. The stock had previously closed at $82.79.

Several brokerages recently commented on PLCE. FBR & Co reduced their target price 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 report on Thursday, August 18th. Telsey Advisory Group lifted their target price 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 report on Thursday, August 18th. Citigroup Inc. lifted their target price on shares of The Children’s Place Retail Stores from $80.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, August 18th. Mizuho lifted 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. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of The Children’s Place Retail Stores in a report on Monday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $83.07.

The company has a market capitalization of $1.47 billion and a price-to-earnings ratio of 19.87. The stock has a 50-day moving average price of $82.77 and a 200-day moving average price of $78.49.

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The Children’s Place Retail Stores (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, August 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $371.40 million during the quarter, compared to the consensus estimate of $367.51 million. During the same quarter last year, the company posted ($0.33) earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that The Children’s Place Retail Stores Inc. will post $4.69 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Investors of record on Friday, September 16th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a yield of 1.00%. The Children’s Place Retail Stores’s dividend payout ratio (DPR) is presently 20.15%.

In related news, COO Michael Scarpa sold 15,463 shares of the firm’s 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 sale, the chief operating officer now owns 64,122 shares in the company, valued at $5,481,789.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.93% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Stifel Financial Corp acquired a new position in The Children’s Place Retail Stores during the fourth quarter valued at $1,831,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in 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 during the last quarter. BlackRock Inc. increased its position in 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 during the last quarter. Fox Run Management L.L.C. acquired a new position in The Children’s Place Retail Stores during the second quarter valued at $216,000. Finally, Teacher Retirement System of Texas increased its position in 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 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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