Children's Pace Toys With Short After Q4 Beat

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The Children's Place
PLCE
shares are trading higher by $5.47 at $76.15 in Tuesday's session. The Street is overlooking its Q4 missing of a penny with inline sales. Instead it is focusing on comps that were up 6.7 percent and raised Q1 and FY 2016 guidance. Also, the company raised its quarterly dividend from $0.15 to $0.20/share. After higher open, it retreated only $0.30 to $73.50 before continuing its move higher. If has easily surpassed its former all time high of $69.90. So far, it has reached $76.85 before retreating to it current level.
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
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