Children’s Place, Inc. (The) Sees Unusually High Options Volume (PLCE)

Children’s Place, Inc. (The) (NASDAQ:PLCE) saw some unusual options trading activity on Wednesday. Stock traders purchased 5,467 call options on the company. This represents an increase of approximately Infinity compared to the typical daily volume of 0 call options.

A number of research analysts recently issued reports on the stock. BidaskClub upgraded shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets set a $112.00 target price on shares of Children’s Place, Inc. (The) and gave the company a “hold” rating in a research report on Sunday, September 10th. B. Riley reiterated a “buy” rating on shares of Children’s Place, Inc. (The) in a research report on Wednesday, November 1st. Buckingham Research boosted their target price on shares of Children’s Place, Inc. (The) from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Telsey Advisory Group boosted their target price on shares of Children’s Place, Inc. (The) from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Children’s Place, Inc. (The) has an average rating of “Buy” and an average target price of $131.67.

Children’s Place, Inc. (NASDAQ:PLCE) opened at $127.20 on Monday. Children’s Place, Inc. has a 1-year low of $92.95 and a 1-year high of $128.50. The firm has a market cap of $2,243.79, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 1.87 and a beta of 0.27.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Children’s Place, Inc. (The) had a net margin of 7.07% and a return on equity of 26.58%. The firm had revenue of $490.00 million during the quarter, compared to analyst estimates of $480.28 million. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. equities research analysts forecast that Children’s Place, Inc. will post 7.55 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. Children’s Place, Inc. (The)’s payout ratio is 22.66%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Children’s Place, Inc. (The) by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after acquiring an additional 32,057 shares in the last quarter. Royce & Associates LP grew its stake in shares of Children’s Place, Inc. (The) by 2.4% in the 3rd quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after acquiring an additional 27,431 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Children’s Place, Inc. (The) by 3.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 806,129 shares of the company’s stock worth $82,305,000 after acquiring an additional 27,887 shares in the last quarter. FMR LLC grew its stake in shares of Children’s Place, Inc. (The) by 7,303.5% in the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after acquiring an additional 731,158 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Children’s Place, Inc. (The) by 49.9% in the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after acquiring an additional 231,111 shares in the last quarter.

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About Children’s Place, Inc. (The)

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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