Insider Selling: The Children’s Place, Inc. (NASDAQ:PLCE) CEO Sells 62,259 Shares of Stock

The Children’s Place, Inc. (NASDAQ:PLCE) CEO Jane T. Elfers sold 62,259 shares of the firm’s stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $104.09, for a total transaction of $6,480,539.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of PLCE stock opened at $96.24 on Thursday. The Children’s Place, Inc. has a 12-month low of $40.57 and a 12-month high of $113.50. The company has a current ratio of 0.91, a quick ratio of 0.22 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $89.26 and its 200 day moving average is $89.99. The stock has a market capitalization of $1.41 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.09 and a beta of 2.24.

Children’s Place (NASDAQ:PLCE) last issued its earnings results on Thursday, November 18th. The company reported $5.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.40 by $1.03. Children’s Place had a net margin of 5.17% and a return on equity of 91.35%. The company had revenue of $558.20 million for the quarter, compared to analysts’ expectations of $566.42 million. During the same quarter last year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. As a group, equities analysts predict that The Children’s Place, Inc. will post 11.09 earnings per share for the current year.

PLCE has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Children’s Place from a “c” rating to a “b-” rating in a report on Thursday, November 18th. B. Riley upgraded shares of Children’s Place from a “neutral” rating to a “buy” rating and increased their price target for the company from $92.00 to $130.00 in a report on Monday, August 16th. Citigroup increased their price target on shares of Children’s Place from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, November 19th. Telsey Advisory Group increased their price target on shares of Children’s Place from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Friday, November 19th. Finally, Monness Crespi & Hardt increased their price target on shares of Children’s Place from $120.00 to $132.00 and gave the company a “buy” rating in a report on Friday, November 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Children’s Place currently has a consensus rating of “Buy” and an average target price of $110.75.

Several institutional investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Children’s Place by 1.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 6,981 shares of the company’s stock worth $525,000 after acquiring an additional 126 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Children’s Place by 7.0% during the 2nd quarter. Mutual of America Capital Management LLC now owns 2,085 shares of the company’s stock worth $194,000 after acquiring an additional 136 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Children’s Place by 2.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,901 shares of the company’s stock worth $642,000 after acquiring an additional 161 shares during the last quarter. Swiss National Bank boosted its stake in shares of Children’s Place by 0.7% during the 3rd quarter. Swiss National Bank now owns 30,700 shares of the company’s stock worth $2,310,000 after acquiring an additional 200 shares during the last quarter. Finally, FORA Capital LLC boosted its stake in shares of Children’s Place by 18.0% during the 2nd quarter. FORA Capital LLC now owns 1,615 shares of the company’s stock worth $150,000 after acquiring an additional 246 shares during the last quarter.

About Children’s Place

The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.

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