Citigroup Maintains Childrens Place Inc to Neutral with Price Target $92.00

Brokerage firm Citigroup Maintains its rating on Childrens Place Inc(NASDAQ:PLCE). In a research note issued to the investors, the brokerage major Raises the price-target to $92.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Aug 18, 2016.

Childrens Place Inc (PLCE) made into the market gainers list on Mondays trading session with the shares advancing 0.05% or 0.04 points. Due to strong positive momentum, the stock ended at $84, which is also near the day’s high of $84.72. The stock began the session at $84.33 and the volume stood at 1,82,724 shares. The 52-week high of the shares is $90 and the 52 week low is $46.74. The company has a current market capitalization of $1,585 M and it has 1,88,74,098 shares in outstanding.

Childrens Place Inc has also declared a cash dividend of $0.2000 on Aug 17, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Oct 6, 2016.

Childrens Place Inc(PLCE) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $371.42M. Analysts had an estimated revenue of $367.51M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.23.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Joseph A Alutto (director) sold 15,000 shares at $74.28 per share price.Also, On May 10, 2016, Gregory I Poole (Senior VP, Global Sourcing) sold 868 shares at $72.06 per share price.On May 10, 2016, Kevin Low (SVP, Store Operations) sold 723 shares at $72.06 per share price, according to the Form-4 filing with the securities and exchange commission.

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. The Children’s Place U.S. segment includes its United States and Puerto Rico-based stores and revenue from its United States wholesale partners. The Children’s Place International segment includes its Canadian stores revenue from the Company’s Canada wholesale partner as well as revenue from international franchisees. The Company designs contracts to manufacture and licenses to sell merchandise under brand names such as The Children’s Place Place and Baby Place. The Children’s Place has various departments and serves the wardrobe needs of girls and boys (sizes 4 to 14) baby girls and boys (sizes 12 months to 5T) and newborn (sizes 0 to 18 months).

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