Trade Report: Today: Lucus Advisors LLC decides to keep it stake in The Children’s Place Retail Stores Inc. (PLCE) to the level of $394,000

Today: Lucus Advisors LLC decides to keep it stake in The Children’s Place Retail Stores Inc. (PLCE) to the level of $394,000

Lucus Advisors LLC raised its position in The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,938 shares of the company’s stock after buying an additional 548 shares during the period. Lucus Advisors LLC’s holdings in The Children’s Place Retail Stores were worth $394,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised 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 worth $166,866,000 after buying an additional 357,029 shares during the last quarter. FMR LLC raised 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 worth $95,401,000 after buying an additional 976,325 shares during the last quarter. Royce & Associates LP raised 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 worth $79,237,000 after buying an additional 75,000 shares during the last quarter. Numeric Investors LLC raised its stake in shares of The Children’s Place Retail Stores by 15.3% in the second quarter. Numeric Investors LLC now owns 741,100 shares of the company’s stock worth $59,421,000 after buying an additional 98,200 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of The Children’s Place Retail Stores by 9.5% in the third quarter. Bank of New York Mellon Corp now owns 530,070 shares of the company’s stock worth $42,337,000 after buying an additional 45,966 shares during the last quarter.

Shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) traded down 0.85% during trading on Monday, hitting $104.75. The stock had a trading volume of 411,885 shares. The stock’s 50-day moving average price is $81.05 and its 200 day moving average price is $79.37. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 23.74 and a beta of 0.16. The Children’s Place Retail Stores Inc. has a one year low of $47.96 and a one year high of $106.55.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Saturday, December 17th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, December 14th. The Children’s Place Retail Stores’s dividend payout ratio (DPR) is 17.98%.

PLCE has been the topic of a number of analyst reports. Wolfe Research lifted their target price on The Children’s Place Retail Stores from $98.00 to $107.00 and gave the stock an “outperform” rating in a research report on Friday, November 18th. Morgan Stanley reissued a “buy” rating on shares of The Children’s Place Retail Stores in a report on Monday, August 22nd. Telsey Advisory Group boosted their price objective on The Children’s Place Retail Stores from $93.00 to $100.00 and gave the company a “market perform” rating in a report on Friday, November 18th. Citigroup Inc. boosted their price objective on The Children’s Place Retail Stores from $80.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, August 18th. Finally, Mizuho boosted their price objective on The Children’s Place Retail Stores from $95.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $89.07.

In related news, insider Anurup Pruthi sold 601 shares of the stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $84.01, for a total value of $50,490.01. Following the completion of the sale, the insider now owns 13,925 shares in the company, valued at $1,169,839.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Norman S. Matthews sold 40,995 shares of the stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $100.00, for a total transaction of $4,099,500.00. Following the completion of the sale, the chairman now owns 49,706 shares of the company’s stock, valued at approximately $4,970,600. The disclosure for this sale can be found here. Company insiders own 1.93% of the company’s stock.

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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