Brokerages Set Childrens Place Inc (PLCE) Target Price at $133.77
Childrens Place Inc (NASDAQ:PLCE) has earned an average recommendation of “Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $135.62.
Several research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Telsey Advisory Group upped their price target on shares of Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. SunTrust Banks initiated coverage on shares of Childrens Place in a research report on Thursday, December 21st. They issued a “hold” rating and a $150.00 price objective on the stock. Finally, BMO Capital Markets set a $130.00 price objective on shares of Childrens Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th.
Hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its position in shares of Childrens Place by 80.7% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Childrens Place during the third quarter worth $171,000. Flinton Capital Management LLC raised its position in Childrens Place by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after acquiring an additional 784 shares in the last quarter. Shelton Capital Management bought a new stake in Childrens Place during the third quarter worth $206,000. Finally, Advisor Group Inc. raised its position in Childrens Place by 169.9% during the third quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after acquiring an additional 1,113 shares in the last quarter.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. equities research analysts predict that Childrens Place will post 7.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Tuesday, December 12th. Childrens Place’s dividend payout ratio is presently 22.66%.
About Childrens Place
The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.
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