Childrens Place (PLCE) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Childrens Place (NASDAQ: PLCE):

  • 4/9/2019 – Childrens Place was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 4/5/2019 – Childrens Place had its “neutral” rating reaffirmed by analysts at Bank of America Corp. They now have a $105.00 price target on the stock, up previously from $95.00.
  • 3/30/2019 – Childrens Place was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/27/2019 – Childrens Place was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 3/6/2019 – Childrens Place had its price target lowered by analysts at Wedbush from $165.00 to $130.00. They now have an “outperform” rating on the stock.
  • 3/5/2019 – Childrens Place was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 3/5/2019 – Childrens Place had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $100.00 price target on the stock, down previously from $120.00.
  • 3/5/2019 – Childrens Place had its price target lowered by analysts at B. Riley from $167.00 to $122.00. They now have a “buy” rating on the stock.
  • 2/26/2019 – Childrens Place was downgraded by analysts at Citigroup Inc from a “buy” rating to a “neutral” rating. They now have a $97.00 price target on the stock, down previously from $130.00.

Childrens Place stock opened at $107.27 on Tuesday. The stock has a market cap of $1.66 billion, a P/E ratio of 15.89, a P/E/G ratio of 2.28 and a beta of 0.63. Childrens Place Inc has a 52 week low of $82.05 and a 52 week high of $160.23.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Monday, March 4th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.00). The company had revenue of $530.56 million for the quarter, compared to analysts’ expectations of $553.06 million. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.52 EPS. As a group, analysts expect that Childrens Place Inc will post 5.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 15th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, April 12th. This is a boost from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio (DPR) is currently 29.63%.

A number of institutional investors have recently bought and sold shares of PLCE. Virginia Retirement Systems ET AL boosted its stake in Childrens Place by 4.2% in the 4th quarter. Virginia Retirement Systems ET AL now owns 7,400 shares of the company’s stock worth $667,000 after buying an additional 300 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Childrens Place by 30.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock worth $86,000 after buying an additional 223 shares during the last quarter. Neuburgh Advisers LLC boosted its stake in Childrens Place by 46.5% in the 4th quarter. Neuburgh Advisers LLC now owns 12,206 shares of the company’s stock worth $1,100,000 after buying an additional 3,876 shares during the last quarter. MetLife Investment Advisors LLC boosted its stake in Childrens Place by 54.0% in the 3rd quarter. MetLife Investment Advisors LLC now owns 10,935 shares of the company’s stock worth $1,397,000 after buying an additional 3,834 shares during the last quarter. Finally, Impala Asset Management LLC acquired a new stake in Childrens Place in the 3rd quarter worth about $16,711,000.

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.

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