Childrens Place Inc (NASDAQ:PLCE) Plans $0.56 Quarterly Dividend

Childrens Place Inc (NASDAQ:PLCE) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.56 per share on Friday, October 4th. This represents a $2.24 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Friday, September 20th.

Childrens Place has raised its dividend payment by an average of 60.3% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Childrens Place has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Childrens Place to earn $7.71 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 29.1%.

Shares of NASDAQ PLCE opened at $80.13 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.77 and a debt-to-equity ratio of 1.37. The firm’s 50-day moving average price is $85.51 and its two-hundred day moving average price is $95.62. Childrens Place has a 52-week low of $70.43 and a 52-week high of $160.23. The stock has a market capitalization of $1.33 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.89 and a beta of 0.85.

Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. The firm had revenue of $420.50 million for the quarter, compared to analysts’ expectations of $428.28 million. During the same quarter last year, the company posted $0.70 earnings per share. Childrens Place’s revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts expect that Childrens Place will post 5.62 earnings per share for the current year.

A number of equities research analysts have recently weighed in on PLCE shares. Wedbush set a $130.00 price target on Childrens Place and gave the company a “buy” rating in a report on Friday, June 21st. ValuEngine cut Childrens Place from a “buy” rating to a “hold” rating in a report on Tuesday. Bank of America set a $115.00 price target on Childrens Place and gave the company a “hold” rating in a report on Monday, August 12th. TheStreet cut Childrens Place from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Finally, BidaskClub cut Childrens Place from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $116.00.

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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Dividend History for Childrens Place (NASDAQ:PLCE)

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