The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) had its price target increased by investment analysts at Telsey Advisory Group from $93.00 to $100.00 in a research report issued to clients and investors on Friday. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s target price indicates a potential upside of 0.81% from the stock’s current price.

Several other research analysts also recently commented on the company. Mizuho boosted their target price on The Children’s Place Retail Stores from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday. Bank of America Corp. raised The Children’s Place Retail Stores from an “underperform” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Monday. Piper Jaffray Cos. downgraded The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $99.00 to $88.00 in a research note on Wednesday, September 21st. Morgan Stanley reissued a “buy” rating on shares of The Children’s Place Retail Stores in a research note on Monday, August 22nd. Finally, Citigroup Inc. boosted their target price 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The Children’s Place Retail Stores presently has a consensus rating of “Buy” and an average price target of $89.07.

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

Shares of The Children’s Place Retail Stores (NASDAQ:PLCE) opened at 99.20 on Friday. The firm has a market capitalization of $1.82 billion, a P/E ratio of 24.59 and a beta of 0.16. The company has a 50 day moving average of $77.46 and a 200-day moving average of $78.28. The Children’s Place Retail Stores has a 12 month low of $47.96 and a 12 month high of $99.50.

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

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

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

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position 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. BlackRock Fund Advisors raised its position in shares of 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 worth $103,984,000 after buying an additional 62,343 shares during the last quarter. FMR LLC raised its position 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 position 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. Finally, JPMorgan Chase & Co. raised its position in shares of 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 worth $75,970,000 after buying an additional 8,285 shares during the last quarter.

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.

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