Childrens Place Target of Unusually Large Options Trading (PLCE)

Childrens Place Inc (NASDAQ:PLCE) was the target of some unusual options trading activity on Monday. Stock traders bought 6,225 put options on the stock. This is an increase of approximately 1,150% compared to the average daily volume of 498 put options.

Shares of NASDAQ PLCE opened at $143.81 on Tuesday. Childrens Place has a 12-month low of $106.25 and a 12-month high of $161.65. The stock has a market cap of $2.59 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.20.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.11. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The company had revenue of $448.70 million for the quarter, compared to analyst estimates of $427.89 million. During the same period in the prior year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Childrens Place will post 8.23 earnings per share for the current fiscal year.

Several analysts have recently issued reports on PLCE shares. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Citigroup upped their target price on shares of Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, August 24th. Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Friday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, August 22nd. Finally, Bank of America upgraded shares of Childrens Place from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Childrens Place presently has a consensus rating of “Buy” and an average target price of $148.91.

In other Childrens Place news, insider Jane T. Elfers sold 100,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the completion of the transaction, the insider now owns 141,491 shares of the company’s stock, valued at approximately $19,091,380.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Childrens Place by 0.9% in the 2nd quarter. BlackRock Inc. now owns 2,284,817 shares of the company’s stock worth $276,007,000 after purchasing an additional 20,827 shares during the period. FMR LLC raised its position in Childrens Place by 50.4% in the 2nd quarter. FMR LLC now owns 829,800 shares of the company’s stock worth $100,240,000 after purchasing an additional 278,017 shares during the period. LSV Asset Management raised its position in Childrens Place by 7.0% in the 2nd quarter. LSV Asset Management now owns 757,836 shares of the company’s stock worth $91,546,000 after purchasing an additional 49,555 shares during the period. Voya Investment Management LLC raised its position in Childrens Place by 44.2% in the 2nd quarter. Voya Investment Management LLC now owns 635,588 shares of the company’s stock worth $76,779,000 after purchasing an additional 194,722 shares during the period. Finally, OppenheimerFunds Inc. raised its position in Childrens Place by 40.3% in the 2nd quarter. OppenheimerFunds Inc. now owns 424,197 shares of the company’s stock worth $51,242,000 after purchasing an additional 121,867 shares during the period.

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About Childrens Place

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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