The Children’s Place Retail Stores Inc. (NASDAQ:PLCE)’s share price was up 1.5% during mid-day trading on Friday following a stronger than expected earnings report. The company traded as high as $99.50 and last traded at $100.70, with a volume of 552,878 shares. The stock had previously closed at $99.20.

The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.28. The company earned $473.80 million during the quarter, compared to analysts’ expectations 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 Children’s Place Retail Stores’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.93 earnings per share.

The company also recently disclosed 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. The ex-dividend date is Wednesday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.80%. The Children’s Place Retail Stores’s dividend payout ratio is currently 20.15%.

Several research analysts have recently weighed in on PLCE shares. Morgan Stanley reaffirmed a “buy” rating on shares of The Children’s Place Retail Stores in a research report on Monday, August 22nd. Mizuho increased their price target on The Children’s Place Retail Stores from $95.00 to $105.00 and gave the company a “buy” rating in a research report 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 price target for the company in a research report on Monday, November 14th. Telsey Advisory Group increased their price target on The Children’s Place Retail Stores from $93.00 to $100.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Piper Jaffray Cos. cut The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $99.00 to $88.00 in a research report on Wednesday, September 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $89.07.

In other The Children’s Place Retail Stores news, insider Anurup Pruthi sold 601 shares of the firm’s stock in a transaction 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 owns 13,925 shares in the company, valued at approximately $1,169,839.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Michael Scarpa sold 15,463 shares of the firm’s stock in a transaction 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 owns 64,122 shares in the company, valued at approximately $5,481,789.78. The disclosure for this sale can be found here. Company insiders own 1.93% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PLCE. Vanguard Group Inc. increased its stake 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 in the last quarter. BlackRock Fund Advisors increased its stake 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 in the last quarter. FMR LLC increased its stake 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 in the last quarter. Royce & Associates LP increased its stake 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its stake 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 in the last quarter.

The firm has a market cap of $1.83 billion, a PE ratio of 24.65 and a beta of 0.16. The firm’s 50 day moving average price is $77.40 and its 200 day moving average price is $78.28.

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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