Telsey Advisory Group reissued their outperform rating on shares of Childrens Place (NASDAQ:PLCE) in a research report sent to investors on Monday, Briefing.com Automated Import reports. The brokerage currently has a $126.00 price target on the stock, up from their previous price target of $100.00.
A number of other research analysts have also recently commented on PLCE. BidaskClub raised shares of Childrens Place from a hold rating to a buy rating in a research report on Friday, April 19th. Bank of America reaffirmed a neutral rating and issued a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. ValuEngine raised shares of Childrens Place from a hold rating to a buy rating in a research report on Wednesday, May 1st. Deutsche Bank assumed coverage on shares of Childrens Place in a research report on Tuesday, April 16th. They issued a hold rating and a $103.00 target price on the stock. Finally, DA Davidson assumed coverage on shares of Childrens Place in a research report on Tuesday, April 23rd. They issued a buy rating and a $135.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $123.67.
NASDAQ PLCE opened at $104.37 on Monday. Childrens Place has a 12 month low of $82.05 and a 12 month high of $160.23. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.41 and a beta of 0.69.
Childrens Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.89. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The company had revenue of $412.40 million for the quarter, compared to analysts’ expectations of $399.40 million. During the same quarter in the prior year, the company posted $1.87 earnings per share. Childrens Place’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts forecast that Childrens Place will post 5.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, April 12th. This is a boost from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio is currently 33.19%.
In other news, VP Robert F. Helm sold 227 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Childrens Place by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,272 shares of the company’s stock worth $610,000 after purchasing an additional 113 shares in the last quarter. Eqis Capital Management Inc. raised its holdings in Childrens Place by 2.4% in the fourth quarter. Eqis Capital Management Inc. now owns 5,357 shares of the company’s stock valued at $483,000 after acquiring an additional 124 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Childrens Place by 3.4% in the first quarter. Mason Street Advisors LLC now owns 5,201 shares of the company’s stock valued at $506,000 after acquiring an additional 172 shares in the last quarter. Rhumbline Advisers raised its holdings in Childrens Place by 0.4% in the first quarter. Rhumbline Advisers now owns 47,699 shares of the company’s stock valued at $4,640,000 after acquiring an additional 178 shares in the last quarter. Finally, Sapphire Star Partners LP raised its holdings in Childrens Place by 2.6% in the fourth quarter. Sapphire Star Partners LP now owns 7,519 shares of the company’s stock valued at $677,000 after acquiring an additional 193 shares in the last quarter.
Childrens Place Company Profile
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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