Childrens Place Inc (NASDAQ:PLCE)’s share price dropped 6.9% during trading on Wednesday . The company traded as low as $100.50 and last traded at $104.37. Approximately 2,809,977 shares changed hands during mid-day trading, an increase of 278% from the average daily volume of 744,063 shares. The stock had previously closed at $112.11.
PLCE has been the topic of a number of analyst reports. BidaskClub cut shares of Childrens Place from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 9th. B. Riley decreased their target price on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Bank of America reiterated a “neutral” rating and issued a $115.00 target price (up previously from $105.00) on shares of Childrens Place in a research report on Wednesday, May 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $100.00 target price (down previously from $120.00) on shares of Childrens Place in a research report on Tuesday, March 5th. Finally, ValuEngine upgraded shares of Childrens Place from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $123.67.
The stock has a market capitalization of $1.71 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69.
The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, April 12th. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio (DPR) is 33.19%.
In other Childrens Place news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total value of $25,149.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in Childrens Place by 27.9% in the 4th quarter. FMR LLC now owns 1,278,870 shares of the company’s stock worth $115,212,000 after acquiring an additional 278,872 shares during the last quarter. Wellington Management Group LLP grew its holdings in Childrens Place by 15.8% in the 1st quarter. Wellington Management Group LLP now owns 815,664 shares of the company’s stock worth $79,348,000 after acquiring an additional 111,120 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after purchasing an additional 6,015 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Childrens Place during the 1st quarter valued at about $71,212,000. Finally, Royce & Associates LP boosted its stake in shares of Childrens Place by 24.9% during the 1st quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock valued at $60,810,000 after purchasing an additional 124,540 shares in the last quarter.
TRADEMARK VIOLATION WARNING: “Childrens Place (PLCE) Stock Price Down 6.9%” was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://dakotafinancialnews.com/2019/05/16/childrens-place-plce-stock-price-down-6-9.html.
About Childrens Place (NASDAQ:PLCE)
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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.
Featured Story: Growth Stocks, What They Are, What They Are Not
Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.