Nisa Investment Advisors LLC decreased its stake in shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 7,500 shares of the company’s stock after selling 100 shares during the period. Nisa Investment Advisors LLC’s holdings in The Children’s Place Retail Stores were worth $601,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Menta Capital LLC increased its stake in The Children’s Place Retail Stores by 30.5% in the first quarter. Menta Capital LLC now owns 11,968 shares of the company’s stock valued at $999,000 after buying an additional 2,800 shares during the period. Landscape Capital Management L.L.C. increased its stake in The Children’s Place Retail Stores by 169.0% in the first quarter. Landscape Capital Management L.L.C. now owns 38,731 shares of the company’s stock valued at $3,233,000 after buying an additional 24,331 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in The Children’s Place Retail Stores during the first quarter valued at approximately $401,000. Acrospire Investment Management LLC bought a new stake in The Children’s Place Retail Stores during the first quarter valued at approximately $267,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in The Children’s Place Retail Stores by 4.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 532,071 shares of the company’s stock valued at $44,412,000 after buying an additional 23,481 shares during the period.

Shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) traded down 0.86% during mid-day trading on Friday, reaching $82.74. The company’s stock had a trading volume of 555,533 shares. The Children’s Place Retail Stores Inc. has a 12-month low of $46.74 and a 12-month high of $90.00. The firm has a market cap of $1.52 billion and a P/E ratio of 20.51. The firm’s 50-day moving average price is $83.19 and its 200 day moving average price is $77.80.

The Children’s Place Retail Stores (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, August 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.23) by $0.22. The Children’s Place Retail Stores had a return on equity of 17.14% and a net margin of 4.58%. The business had revenue of $371.40 million for the quarter, compared to the consensus estimate of $367.51 million. During the same period last year, the business posted ($0.33) EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, analysts expect that The Children’s Place Retail Stores Inc. will post $4.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Friday, September 16th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.97%. The Children’s Place Retail Stores’s dividend payout ratio is presently 20.15%.

Several research firms have commented on PLCE. Goldman Sachs Group Inc. raised The Children’s Place Retail Stores to a “buy” rating and set a $93.00 target price on the stock in a report on Thursday, May 26th. Zacks Investment Research downgraded The Children’s Place Retail Stores from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 20th. Mizuho boosted their target price on The Children’s Place Retail Stores from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, August 17th. Telsey Advisory Group boosted their target price on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the stock a “market perform” rating in a report on Thursday, August 18th. Finally, FBR & Co dropped their target price on The Children’s Place Retail Stores from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, August 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $83.33.

In other news, COO Michael Scarpa sold 15,463 shares of The Children’s Place Retail Stores 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 directly owns 64,122 shares in the company, valued at approximately $5,481,789.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.93% of the stock is owned by insiders.

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.

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