Childrens Place, Inc. (PLCE) Files Form 4 Insider Selling : Joseph A Alutto Sells 15,000 Shares

Childrens Place, Inc. (PLCE): Joseph A Alutto , director of Childrens Place, Inc. sold 15,000 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $74.28 per share for a total value of $1,110,343.62 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 25, 2016, Norman S Matthews (director other) sold 5 shares at $75.00 per share price.On May 10, 2016, Gregory I Poole (Senior VP, Global Sourcing) sold 868 shares at $72.06 per share price.Also, On May 10, 2016, Kevin Low (SVP, Store Operations) sold 723 shares at $72.06 per share price.On Apr 21, 2016, Michael Scarpa (Chief Operating Officer) sold 5,027 shares at $82.24 per share price.

Childrens Place Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Childrens Place Inc which led to swings in the share price. The shares opened for trading at $73.43 and hit $74.87 on the upside , eventually ending the session at $74.61, with a gain of 1.62% or 1.19 points. The heightened volatility saw the trading volume jump to 6,63,212 shares. The 52-week high of the share price is $84.91 and the company has a market cap of $1,422,067 M . The 52-week low of the share price is at $46.74.

Childrens Place Inc Money Flow Index Chart

On May 17, 2016, Childrens Place Inc announced a cash dividend of $0.2000. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jul 7, 2016.

Company has been under the radar of several Street Analysts.Childrens Place Inc is Upgraded by Goldman to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 18, 2016.Childrens Place Inc is Upgraded by Piper Jaffray to Overweight and the brokerage firm has raised the Price Target to $ 92 from a previous price target of $69 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 17, 2016.Childrens Place Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 85 from a previous price target of $76 .The Rating was issued on Mar 16, 2016.Childrens Place Inc is Reiterated by Wolfe Research to Outperform and the brokerage firm has raised the Price Target to $ 82 from a previous price target of $80 .The Rating was issued on Mar 16, 2016.Childrens Place Inc is Reiterated by Telsey Advisory Group to Market Perform and the brokerage firm has raised the Price Target to $ 83 from a previous price target of $65 .The Rating was issued on Mar 16, 2016.

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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Childrens Place Inc - Is it time to Sell?

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