The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) had its price target upped by Mizuho from $95.00 to $105.00 in a report issued on Thursday. Mizuho currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on PLCE. Morgan Stanley reissued a buy rating on shares of The Children’s Place Retail Stores in a research note on Monday, August 22nd. Citigroup Inc. boosted their price objective on shares of The Children’s Place Retail Stores from $80.00 to $92.00 and gave the company a neutral rating in a research note on Thursday, August 18th. Telsey Advisory Group boosted their price objective on shares of The Children’s Place Retail Stores from $83.00 to $93.00 and gave the company a market perform rating in a research note on Thursday, August 18th. Zacks Investment Research raised shares of The Children’s Place Retail Stores from a hold rating to a strong-buy rating and set a $96.00 price objective for the company in a research note on Saturday, July 30th. Finally, FBR & Co lowered their price objective on shares of The Children’s Place Retail Stores from $100.00 to $85.00 and set an outperform rating for the company in a research note on Thursday, August 18th. 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 stock. The stock currently has an average rating of Buy and a consensus price target of $89.07.

Analyst Recommendations for The Children`s Place Retail Stores (NASDAQ:PLCE)

The Children’s Place Retail Stores (NASDAQ:PLCE) traded up 1.92% during mid-day trading on Thursday, reaching $101.10. The company’s stock had a trading volume of 267,624 shares. The stock has a market capitalization of $1.86 billion, a P/E ratio of 25.06 and a beta of 0.16. The Children’s Place Retail Stores has a 1-year low of $47.96 and a 1-year high of $101.50. The stock’s 50 day moving average price is $77.46 and its 200 day moving average price is $78.28.

The Children’s Place Retail Stores (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, November 17th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.28. The Children’s Place Retail Stores had a net margin of 4.58% and a return on equity of 17.14%. The company earned $473.80 million during the quarter, compared to analysts’ expectations of $461.98 million. During the same period in the previous year, the company earned $1.93 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts expect that The Children’s Place Retail Stores will post $4.69 EPS for the current fiscal year.

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

In other news, COO Michael Scarpa sold 15,463 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $85.49, for a total value of $1,321,931.87. Following the completion of the transaction, the chief operating officer now directly owns 64,122 shares in the company, valued at $5,481,789.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Anurup Pruthi sold 601 shares of the stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $84.01, for a total transaction of $50,490.01. Following the sale, the insider now directly owns 13,925 shares of the company’s stock, valued at $1,169,839.25. The disclosure for this sale can be found here. 1.93% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in PLCE. CIBC World Markets Inc. acquired a new stake in The Children’s Place Retail Stores during the second quarter valued at approximately $285,000. First Quadrant L P CA acquired a new stake in The Children’s Place Retail Stores during the second quarter valued at approximately $2,632,000. Copper Rock Capital Partners LLC acquired a new stake in The Children’s Place Retail Stores during the second quarter valued at approximately $23,958,000. Nordea Investment Management AB raised its stake in The Children’s Place Retail Stores by 315.1% in the second quarter. Nordea Investment Management AB now owns 8,884 shares of the company’s stock valued at $712,000 after buying an additional 6,744 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in The Children’s Place Retail Stores during the second quarter valued at approximately $216,000.

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.

5 Day Chart for NASDAQ:PLCE

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