Telsey Advisory Group reiterated their outperform rating on shares of Childrens Place (NASDAQ:PLCE) in a research note published on Friday, MarketBeat.com reports. Telsey Advisory Group currently has a $140.00 price target on the stock, down from their previous price target of $170.00.
Several other research firms have also commented on PLCE. Monness Crespi & Hardt upgraded Childrens Place from a neutral rating to a buy rating and set a $165.00 price target on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. BidaskClub lowered Childrens Place from a strong-buy rating to a buy rating in a report on Thursday, November 8th. Citigroup lifted their price target on Childrens Place from $145.00 to $154.00 and gave the stock a buy rating in a report on Friday, August 24th. Bank of America upgraded Childrens Place from an underperform rating to a neutral rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, ValuEngine upgraded Childrens Place from a hold rating to a buy rating in a report on Wednesday, August 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Childrens Place has an average rating of Buy and an average price target of $145.64.
PLCE stock traded down $4.39 during midday trading on Friday, reaching $102.28. The stock had a trading volume of 1,438,797 shares, compared to its average volume of 608,730. The firm has a market capitalization of $1.75 billion, a P/E ratio of 12.93, a PEG ratio of 1.72 and a beta of 0.17. Childrens Place has a 52-week low of $99.54 and a 52-week high of $161.65.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The business had revenue of $522.50 million for the quarter, compared to analyst estimates of $511.19 million. During the same quarter in the previous year, the firm earned $2.58 EPS. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts predict that Childrens Place will post 7.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, December 14th. Childrens Place’s payout ratio is 25.28%.
Several large investors have recently modified their holdings of PLCE. Eqis Capital Management Inc. increased its position in shares of Childrens Place by 17.8% during the 2nd quarter. Eqis Capital Management Inc. now owns 3,156 shares of the company’s stock worth $381,000 after purchasing an additional 477 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Childrens Place by 11.6% during the 2nd quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock worth $592,000 after purchasing an additional 423 shares during the last quarter. TD Asset Management Inc. acquired a new stake in shares of Childrens Place during the 2nd quarter worth about $7,272,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Childrens Place by 168.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,040 shares of the company’s stock worth $1,817,000 after purchasing an additional 9,440 shares during the last quarter. Finally, Comerica Bank increased its position in shares of Childrens Place by 4.3% during the 2nd quarter. Comerica Bank now owns 19,932 shares of the company’s stock worth $2,385,000 after purchasing an additional 827 shares during the last quarter.
Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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