Shares of Childrens Place Inc (NASDAQ:PLCE) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $116.00.
A number of research analysts recently commented on PLCE shares. Deutsche Bank upgraded shares of Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Thursday, August 15th. DA Davidson set a $135.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a research report on Friday, September 13th. Wolfe Research decreased their price target on shares of Childrens Place from $137.00 to $102.00 and set an “outperform” rating on the stock in a research report on Thursday, August 22nd. Wedbush set a $130.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Bank of America set a $115.00 price target on shares of Childrens Place and gave the stock a “hold” rating in a research report on Monday, August 12th.
Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new position in Childrens Place in the second quarter worth approximately $32,000. Ladenburg Thalmann Financial Services Inc. grew its position in Childrens Place by 229.5% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 570 shares of the company’s stock worth $55,000 after purchasing an additional 397 shares in the last quarter. Anderson Fisher LLC purchased a new position in Childrens Place during the 2nd quarter worth approximately $80,000. US Bancorp DE grew its position in Childrens Place by 128.7% during the 2nd quarter. US Bancorp DE now owns 901 shares of the company’s stock worth $86,000 after purchasing an additional 507 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Childrens Place by 15.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock worth $105,000 after purchasing an additional 150 shares in the last quarter.
NASDAQ PLCE opened at $77.16 on Wednesday. Childrens Place has a 12 month low of $70.43 and a 12 month high of $160.23. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.77 and a quick ratio of 0.20. The firm has a market capitalization of $1.25 billion, a PE ratio of 16.98, a P/E/G ratio of 1.78 and a beta of 0.85. The company’s 50 day simple moving average is $84.80 and its 200 day simple moving average is $95.48.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating 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 business had revenue of $420.50 million for the quarter, compared to analyst estimates of $428.28 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts anticipate that Childrens Place will post 5.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be given a $0.56 dividend. The ex-dividend date is Friday, September 20th. This represents a $2.24 annualized dividend and a yield of 2.90%. Childrens Place’s dividend payout ratio (DPR) is 33.19%.
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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