Trading Report: The Insider Selling: The Children’s Place Retail Stores Inc. (PLCE) Chairman Sold $4,099,500.00 in Stock

The Insider Selling: The Children’s Place Retail Stores Inc. (PLCE) Chairman Sold $4,099,500.00 in Stock

The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) Chairman Norman S. Matthews sold 40,995 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $100.00, for a total transaction of $4,099,500.00. Following the transaction, the chairman now owns 49,706 shares of the company’s stock, valued at approximately $4,970,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) opened at 105.65 on Monday. The company has a 50-day moving average of $81.05 and a 200 day moving average of $79.37. The Children’s Place Retail Stores Inc. has a 52-week low of $47.96 and a 52-week high of $106.55. The firm has a market cap of $1.94 billion, a P/E ratio of 23.94 and a beta of 0.16.

The Children’s Place Retail Stores (NASDAQ:PLCE) last issued its earnings results on Thursday, November 17th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.28. The business earned $473.80 million during the quarter, compared to analyst estimates of $461.98 million. The Children’s Place Retail Stores had a return on equity of 18.24% and a net margin of 4.86%. The Children’s Place Retail Stores’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.93 earnings per share. On average, equities analysts expect that The Children’s Place Retail Stores Inc. will post $5.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Saturday, December 17th will be given a $0.20 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $0.80 annualized dividend and a yield of 0.76%. The Children’s Place Retail Stores’s payout ratio is currently 17.98%.

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of The Children’s Place Retail Stores by 20.7% in the second quarter. Vanguard Group Inc. now owns 2,081,151 shares of the company’s stock valued at $166,866,000 after buying an additional 357,029 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of The Children’s Place Retail Stores by 5.0% in the third quarter. BlackRock Fund Advisors now owns 1,301,915 shares of the company’s stock valued at $103,984,000 after buying an additional 62,343 shares during the last quarter. FMR LLC increased its stake in shares of The Children’s Place Retail Stores by 457.3% in the second quarter. FMR LLC now owns 1,189,835 shares of the company’s stock valued at $95,401,000 after buying an additional 976,325 shares during the last quarter. Royce & Associates LP increased its stake in shares of The Children’s Place Retail Stores by 8.2% in the second quarter. Royce & Associates LP now owns 988,243 shares of the company’s stock valued at $79,237,000 after buying an additional 75,000 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of The Children’s Place Retail Stores by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 951,170 shares of the company’s stock valued at $75,970,000 after buying an additional 8,285 shares during the last quarter.

PLCE has been the subject of several analyst reports. Bank of America Corp. upgraded shares of The Children’s Place Retail Stores from an “underperform” rating to a “buy” rating and set a $92.00 price target for the company in a report on Monday, November 14th. Telsey Advisory Group raised their price target on shares of The Children’s Place Retail Stores from $93.00 to $100.00 and gave the stock a “market perform” rating in a report on Friday, November 18th. Mizuho raised their price target on shares of The Children’s Place Retail Stores from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, November 17th. Morgan Stanley restated a “buy” rating on shares of The Children’s Place Retail Stores in a report on Monday, August 22nd. Finally, Citigroup Inc. raised their price target 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. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Children’s Place Retail Stores currently has an average rating of “Buy” and an average price target of $89.07.

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