Childrens Place Inc (NASDAQ:PLCE) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Investors of record on Monday, December 17th will be paid a dividend of 0.50 per share on Friday, December 28th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.62%.
Childrens Place has increased its dividend payment by an average of 52.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Childrens Place has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Childrens Place to earn $9.58 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 20.9%.
Shares of NASDAQ:PLCE opened at $123.15 on Thursday. The firm has a market capitalization of $2.02 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.85 and a beta of 0.17. Childrens Place has a 12-month low of $112.55 and a 12-month high of $161.65.
PLCE has been the subject of several recent research reports. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Citigroup boosted their target price on shares of Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a research note on Friday, August 24th. Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Friday, August 24th. They noted that the move was a valuation call. BidaskClub upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Finally, B. Riley reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 14th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $150.70.
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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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