The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) insider Anurup Pruthi sold 601 shares of The Children’s Place Retail Stores stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $84.01, for a total transaction of $50,490.01. Following the completion of the transaction, the insider now directly owns 13,925 shares in the company, valued at $1,169,839.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) opened at 80.15 on Thursday. The company has a 50-day moving average of $82.76 and a 200 day moving average of $78.51. The Children’s Place Retail Stores Inc. has a 12-month low of $46.74 and a 12-month high of $90.00. The firm has a market cap of $1.47 billion and a price-to-earnings ratio of 19.87.

The Children’s Place Retail Stores (NASDAQ:PLCE) last posted its earnings results on Wednesday, August 17th. The company reported ($0.01) earnings per share (EPS) 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 analysts’ expectations of $367.51 million. During the same period in the prior year, the company posted ($0.33) EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts expect that The Children’s Place Retail Stores Inc. will post $4.69 EPS for the current fiscal year.

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

PLCE has been the topic of a number of research reports. Piper Jaffray Cos. cut shares of The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $99.00 to $88.00 in a research note on Wednesday. Zacks Investment Research raised shares of The Children’s Place Retail Stores from a “hold” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a research note on Saturday, July 30th. FBR & Co decreased their target price on shares of The Children’s Place Retail Stores from $100.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, August 18th. Mizuho boosted 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 research note on Wednesday, August 17th. Finally, Goldman Sachs Group Inc. raised shares of The Children’s Place Retail Stores to a “buy” rating and set a $93.00 target price on the stock in a research note on Thursday, May 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The Children’s Place Retail Stores has an average rating of “Hold” and a consensus target price of $83.07.

Several hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 period. BlackRock Inc. boosted its stake 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 period. Fox Run Management L.L.C. bought a new stake in The Children’s Place Retail Stores during the second quarter valued at $216,000. Teacher Retirement System of Texas boosted its stake 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 period. Finally, Acrospire Investment Management LLC bought a new stake in The Children’s Place Retail Stores during the first quarter valued at $267,000.

About The Children’s Place Retail Stores

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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