Childrens Place Inc (NASDAQ:PLCE) CAO Robert F. Helm sold 341 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $90.00, for a total transaction of $30,690.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Childrens Place stock opened at $111.86 on Friday. The company has a market cap of $1.77 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.32 and a beta of 0.63. Childrens Place Inc has a twelve month low of $82.05 and a twelve month high of $160.23.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Monday, March 4th. The company reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.00). The company had revenue of $530.56 million for the quarter, compared to the consensus estimate of $553.06 million. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the company earned $2.52 EPS. On average, equities analysts expect that Childrens Place Inc will post 6.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 15th will be given a dividend of $0.56 per share. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a yield of 2.00%. Childrens Place’s dividend payout ratio is 33.19%.
A number of institutional investors have recently modified their holdings of the stock. Strs Ohio lifted its position in Childrens Place by 22.2% during the first quarter. Strs Ohio now owns 33,000 shares of the company’s stock valued at $3,210,000 after purchasing an additional 6,000 shares during the period. Wedbush Securities Inc. bought a new position in Childrens Place in the first quarter worth approximately $201,000. Peregrine Capital Management LLC bought a new position in Childrens Place in the first quarter worth approximately $16,038,000. Copper Rock Capital Partners LLC bought a new position in Childrens Place in the first quarter worth approximately $9,947,000. Finally, Deutsche Bank AG raised its position in Childrens Place by 43.7% in the fourth quarter. Deutsche Bank AG now owns 62,680 shares of the company’s stock worth $5,645,000 after acquiring an additional 19,067 shares during the period.
PLCE has been the topic of a number of recent analyst reports. BidaskClub cut shares of Childrens Place from a “sell” rating to a “strong sell” rating in a report on Saturday, February 9th. B. Riley cut their price target on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Telsey Advisory Group reiterated an “outperform” rating and set a $100.00 price target (down previously from $120.00) on shares of Childrens Place in a report on Tuesday, March 5th. ValuEngine upgraded shares of Childrens Place from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, Citigroup cut shares of Childrens Place from a “buy” rating to a “neutral” rating and cut their price target for the company from $130.00 to $97.00 in a report on Tuesday, February 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $117.75.
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About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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