The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) announced its earnings results on Thursday. The company reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.28. The Children’s Place Retail Stores had a return on equity of 17.14% and a net margin of 4.58%. The company had revenue of $473.80 million for the quarter, compared to analysts’ expectations of $461.98 million. During the same period last year, the firm earned $1.93 EPS. The Children’s Place Retail Stores’s revenue for the quarter was up 3.9% compared to the same quarter last year. The Children’s Place Retail Stores updated its Q4 guidance to $1.43-1.48 EPS.

Shares of The Children’s Place Retail Stores (NASDAQ:PLCE) opened at 99.20 on Friday. The Children’s Place Retail Stores has a 52 week low of $47.96 and a 52 week high of $99.50. The firm has a 50-day moving average of $77.46 and a 200 day moving average of $78.28. The company has a market cap of $1.82 billion, a P/E ratio of 24.59 and a beta of 0.16.

Earnings History for The Children`s Place Retail Stores (NASDAQ:PLCE)

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Saturday, December 17th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, December 14th. The Children’s Place Retail Stores’s payout ratio is currently 20.15%.

In related news, insider Anurup Pruthi sold 601 shares of the company’s stock in a transaction dated 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 owns 13,925 shares in the company, valued at approximately $1,169,839.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Michael Scarpa sold 15,463 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $85.49, for a total transaction of $1,321,931.87. Following the transaction, the chief operating officer now owns 64,122 shares of the company’s stock, valued at approximately $5,481,789.78. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 period. BlackRock Fund Advisors increased its position in 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 period. FMR LLC increased its position in 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 period. Royce & Associates LP increased its position in 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 period. Finally, JPMorgan Chase & Co. increased its position in 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 period.

PLCE has been the subject of a number of analyst reports. Piper Jaffray Cos. lowered The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $99.00 to $88.00 in a research note on Wednesday, September 21st. Morgan Stanley reiterated a “buy” rating on shares of The Children’s Place Retail Stores in a research note on Monday, August 22nd. Bank of America Corp. upgraded 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 research note on Monday. Telsey Advisory Group increased their price target on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the stock a “market perform” rating in a research note on Thursday, August 18th. Finally, Citigroup Inc. increased their price target on The Children’s Place Retail Stores from $80.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.80.

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.

5 Day Chart for NASDAQ:PLCE

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