Childrens Place, Inc. (PLCE) Files Form 4 Insider Selling : Anurup Pruthi Sells 601 Shares

Childrens Place, Inc. (PLCE): Anurup Pruthi , Senior Vice President, CFO of Childrens Place, Inc. sold 601 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $84.01 per share for a total value of $50,490.01 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 24, 2016, Michael Scarpa (Chief Operating Officer) sold 15,463 shares at $85.47 per share price.On May 25, 2016, Joseph A Alutto (director) sold 15,000 shares at $74.28 per share price.Also, 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.

Shares of Childrens Place Inc (PLCE) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -0.85 points or -1.02% at $82.79 with 2,31,742 shares getting traded. Post opening the session at $83.62, the shares hit an intraday low of $82.24 and an intraday high of $83.62 and the price vacillated in this range throughout the day. The company has a market cap of $1,520 M and the number of outstanding shares has been calculated to be 1,83,54,296 shares. The 52-week high of Childrens Place Inc is $90 and the 52-week low is $46.74.

Childrens Place Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Childrens Place Inc is Downgraded by Piper Jaffray to Neutral while Lowering the Price Target of the company shares to $ 88 from a previous price target of $99 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Sep 21, 2016.Childrens Place Inc is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $85 .The Rating was issued on Aug 18, 2016.Childrens Place Inc is Reiterated by Telsey Advisory Group to Market Perform and the brokerage firm has raised the Price Target to $ 93 from a previous price target of $83 .The Rating was issued on Aug 18, 2016.Childrens Place Inc is Reiterated by Mizuho to Buy and the brokerage firm has raised the Price Target to $ 95 from a previous price target of $85 .The Rating was issued on Aug 17, 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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