Traders Buy High Volume of Childrens Place Put Options (PLCE)

Childrens Place Inc (NASDAQ:PLCE) was the recipient of unusually large options trading on Friday. Stock traders purchased 516 put options on the stock. This represents an increase of approximately 597% compared to the typical volume of 74 put options.

Several large investors have recently bought and sold shares of the company. TrimTabs Asset Management LLC lifted its stake in shares of Childrens Place by 17.1% in the 3rd quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock valued at $380,000 after purchasing an additional 471 shares during the last quarter. Shelton Capital Management bought a new stake in shares of Childrens Place in the 3rd quarter valued at approximately $206,000. Greenlight Capital Inc. bought a new stake in shares of Childrens Place in the 3rd quarter valued at approximately $7,844,000. Public Employees Retirement System of Ohio lifted its stake in shares of Childrens Place by 52.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,763 shares of the company’s stock valued at $7,652,000 after purchasing an additional 22,239 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Childrens Place by 2.3% in the 3rd quarter. California Public Employees Retirement System now owns 45,620 shares of the company’s stock valued at $5,390,000 after purchasing an additional 1,020 shares during the last quarter.

Several research firms recently issued reports on PLCE. SunTrust Banks began coverage on Childrens Place in a research report on Thursday, December 21st. They set a “hold” rating and a $150.00 target price for the company. BMO Capital Markets set a $130.00 target price on Childrens Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. ValuEngine cut Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Buckingham Research increased their target price on Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $133.77.

Childrens Place (NASDAQ:PLCE) opened at $145.35 on Monday. The firm has a market capitalization of $2,528.51, a P/E ratio of 20.59, a price-to-earnings-growth ratio of 2.14 and a beta of 0.33. Childrens Place has a 1-year low of $92.95 and a 1-year high of $147.50.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. analysts forecast that Childrens Place will post 7.54 earnings per share for the current year.

The business also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 12th. Childrens Place’s payout ratio is 22.66%.

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Childrens Place 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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