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

PLCE has been the topic of several analyst reports. Zacks Investment Research raised shares of The Children’s Place Retail Stores from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a research note on Saturday, July 30th. Goldman Sachs Group Inc. raised shares of The Children’s Place Retail Stores from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $74.00 to $73.00 in a research report on Wednesday, May 18th. Morgan Stanley reissued an “overweight” rating on shares of The Children’s Place Retail Stores in a research report on Tuesday, May 17th. FBR & Co reissued an “outperform” rating and issued a $85.00 target price on shares of The Children’s Place Retail Stores in a research report on Wednesday, May 18th. Finally, Stephens reissued an “equal weight” rating and issued a $80.00 target price on shares of The Children’s Place Retail Stores in a research report on Tuesday, May 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $82.00.

The stock’s 50-day moving average price is $82.26 and its 200-day moving average price is $75.46. The stock has a market capitalization of $1.64 billion and a PE ratio of 25.67.

The Children’s Place Retail Stores (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, August 17th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.22. The company earned $371.40 million during the quarter, compared to the consensus estimate of $367.51 million. The Children’s Place Retail Stores’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned ($0.33) earnings per share. On average, equities research analysts predict that The Children’s Place Retail Stores Inc. will post $4.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 6th. Shareholders of record on Friday, September 16th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, September 14th.

In other The Children’s Place Retail Stores news, Director Joseph A. Alutto sold 15,000 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $74.02, for a total value of $1,110,300.00. Following the completion of the sale, the director now directly owns 46,165 shares of the company’s stock, valued at approximately $3,417,133.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Other hedge funds recently modified their holdings of the company. State of Wisconsin Investment Board increased its stake in shares of The Children’s Place Retail Stores by 3.1% in the fourth quarter. State of Wisconsin Investment Board now owns 35,545 shares of the company’s stock worth $1,962,000 after buying an additional 1,063 shares during the period. Bank of Montreal Can increased its stake in shares of 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 during the period. California Public Employees Retirement System increased its stake in shares of 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 during the period. River Road Asset Management LLC increased its stake in shares of 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 during the period. Finally, Morgan Stanley increased its stake in shares of 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 during the period.

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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