Childrens Place Target of Unusually Large Options Trading (PLCE)
Childrens Place Inc (NASDAQ:PLCE) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 3,598 call options on the company. This is an increase of 1,478% compared to the average volume of 228 call options.
Shares of Childrens Place stock opened at $92.27 on Thursday. Childrens Place has a 12-month low of $84.46 and a 12-month high of $161.00. The stock has a market capitalization of $1.47 billion, a PE ratio of 11.66, a PEG ratio of 1.46 and a beta of 0.67.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Thursday, December 6th. The company reported $3.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $3.07. The company had revenue of $522.50 million for the quarter, compared to analysts’ expectations of $511.19 million. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. Childrens Place’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.58 earnings per share. As a group, research analysts predict that Childrens Place will post 7.8 EPS for the current year.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Childrens Place by 2.3% in the third quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock worth $298,641,000 after purchasing an additional 51,966 shares during the last quarter. FMR LLC increased its position in shares of Childrens Place by 20.5% in the third quarter. FMR LLC now owns 999,998 shares of the company’s stock worth $127,799,000 after purchasing an additional 170,198 shares during the last quarter. Marshall Wace LLP increased its position in shares of Childrens Place by 59.2% in the third quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock worth $54,948,000 after purchasing an additional 159,830 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Childrens Place by 2.3% in the third quarter. Thrivent Financial for Lutherans now owns 424,556 shares of the company’s stock worth $54,259,000 after purchasing an additional 9,361 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Childrens Place by 1.2% in the third quarter. Bank of New York Mellon Corp now owns 295,855 shares of the company’s stock worth $37,810,000 after purchasing an additional 3,453 shares during the last quarter.
PLCE has been the topic of a number of recent analyst reports. Monness Crespi & Hardt reissued a “buy” rating and issued a $150.00 price target (down from $165.00) on shares of Childrens Place in a report on Friday, December 7th. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Tuesday, October 23rd. BidaskClub raised shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Citigroup increased their price target on shares of Childrens Place from $154.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Finally, B. Riley reissued a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. Childrens Place has a consensus rating of “Buy” and a consensus target price of $146.22.
About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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