Positive Media Coverage Somewhat Unlikely to Affect Children’s Place (PLCE) Stock Price

Media stories about Children’s Place (NASDAQ:PLCE) have been trending positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Children’s Place earned a daily sentiment score of 0.32 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 48.0864617353063 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Children’s Place (PLCE) traded up $1.25 during trading hours on Friday, reaching $126.25. The company had a trading volume of 134,800 shares, compared to its average volume of 577,075. The firm has a market cap of $2,196.24, a PE ratio of 17.37, a P/E/G ratio of 1.86 and a beta of 0.27. Children’s Place has a 1-year low of $92.95 and a 1-year high of $130.95.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $2.29 EPS. equities analysts forecast that Children’s Place will post 7.54 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.60 annualized dividend and a yield of 1.27%. Children’s Place’s payout ratio is currently 22.66%.

A number of research firms have recently issued reports on PLCE. BidaskClub raised Children’s Place from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets set a $112.00 price objective on Children’s Place and gave the company a “hold” rating in a research report on Sunday, September 10th. B. Riley reaffirmed a “buy” rating on shares of Children’s Place in a research report on Wednesday, November 1st. Buckingham Research raised their price objective on Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, Telsey Advisory Group raised their price objective on Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $131.67.

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About Children’s Place

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. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

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