Several other research analysts have also weighed in on the company. B. Riley set a $30.00 target price on Customers Bancorp and gave the stock a buy rating in a research report on Tuesday, May 14th. TheStreet lowered Weibo from a b- rating to a c+ rating in a research report on Friday, May 31st. Citigroup set a $6.00 target price on Solid Biosciences and gave the stock a hold rating in a research report on Thursday, May 16th. Deutsche Bank assumed coverage on Carter’s in a research report on Tuesday, April 16th. They issued a hold rating and a $99.00 price objective on the stock. Finally, DA Davidson reissued a neutral rating on shares of Bank of Marin Bancorp in a research report on Tuesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Childrens Place currently has an average rating of Buy and a consensus price target of $124.67.
Shares of PLCE opened at $97.39 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 18.04, a P/E/G ratio of 1.86 and a beta of 0.82. The business has a fifty day moving average price of $95.63. Childrens Place has a twelve month low of $82.05 and a twelve month high of $160.23.
Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.89. The business had revenue of $412.40 million for the quarter, compared to analyst estimates of $399.40 million. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS. On average, equities research analysts forecast that Childrens Place will post 6.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 18th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Monday, June 17th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.
In other news, SVP Claudia Lima-Guinehut sold 932 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $107.00, for a total transaction of $99,724.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total value of $25,149.33. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Childrens Place by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock valued at $86,000 after acquiring an additional 223 shares in the last quarter. Neuburgh Advisers LLC grew its stake in shares of Childrens Place by 46.5% during the fourth quarter. Neuburgh Advisers LLC now owns 12,206 shares of the company’s stock valued at $1,100,000 after acquiring an additional 3,876 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Childrens Place by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after acquiring an additional 6,015 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Childrens Place by 50.4% during the first quarter. Westwood Holdings Group Inc. now owns 469,246 shares of the company’s stock valued at $45,648,000 after acquiring an additional 157,331 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in shares of Childrens Place during the fourth quarter valued at about $2,664,000.
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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