Shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) reached a new 52-week high on Tuesday . The stock traded as high as $86.07 and last traded at $85.39, with a volume of 641,147 shares changing hands. The stock had previously closed at $83.60.

Several research firms have weighed in 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. Off Wall Street began coverage on The Children’s Place Retail Stores in a report on Wednesday, May 4th. They issued a “sell” rating on the stock. Oppenheimer Holdings Inc. lowered The Children’s Place Retail Stores from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $82.00 to $72.00 in a report on Wednesday, May 4th. Zacks Investment Research lowered The Children’s Place Retail Stores from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of The Children’s Place Retail Stores in a report on Wednesday, May 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $81.29.

The firm has a 50-day moving average of $81.68 and a 200-day moving average of $75.23. The firm has a market cap of $1.62 billion and a PE ratio of 25.40.

The Children’s Place Retail Stores (NASDAQ:PLCE) last posted its quarterly earnings data on Tuesday, May 17th. The company reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.28. The firm earned $419.40 million during the quarter, compared to the consensus estimate of $417.91 million. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Analysts predict that The Children’s Place Retail Stores Inc. will post $4.25 EPS for the current fiscal year.

In other news, Director Joseph A. Alutto sold 15,000 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $74.02, for a total value of $1,110,300.00. Following the sale, the director now owns 46,165 shares of the company’s stock, valued at approximately $3,417,133.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Other hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its stake in The Children’s Place Retail Stores by 73.3% in the fourth quarter. Morgan Stanley now owns 322,881 shares of the company’s stock worth $17,822,000 after buying an additional 136,549 shares in the last quarter. River Road Asset Management LLC increased its stake in The Children’s Place Retail Stores by 44.1% in the fourth quarter. River Road Asset Management LLC now owns 306,666 shares of the company’s stock worth $16,928,000 after buying an additional 93,916 shares in the last quarter. Bank of Montreal Can increased its stake in The Children’s Place Retail Stores by 375.0% in the fourth quarter. Bank of Montreal Can now owns 51,322 shares of the company’s stock worth $2,833,000 after buying an additional 40,517 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in The Children’s Place Retail Stores by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,406,204 shares of the company’s stock worth $77,623,000 after buying an additional 16,063 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in The Children’s Place Retail Stores by 3.2% in the fourth quarter. California Public Employees Retirement System now owns 64,200 shares of the company’s stock worth $3,544,000 after buying an additional 2,000 shares in the last quarter.

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 in sizes 0 to 14. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

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