Monness Crespi & Hardt reaffirmed their buy rating on shares of Childrens Place (NASDAQ:PLCE) in a report released on Friday morning, Marketbeat reports. Monness Crespi & Hardt currently has a $150.00 price target on the stock, down from their prior price target of $165.00.
A number of other research firms also recently commented on PLCE. ValuEngine upgraded Childrens Place from a hold rating to a buy rating in a report on Wednesday, August 29th. BidaskClub downgraded Childrens Place from a strong-buy rating to a buy rating in a report on Thursday, November 8th. Citigroup raised their price objective on Childrens Place from $145.00 to $154.00 and gave the stock a buy rating in a report on Friday, August 24th. Finally, B. Riley restated a buy rating on shares of Childrens Place in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $145.64.
Shares of Childrens Place stock traded down $4.39 during trading hours on Friday, reaching $102.28. The stock had a trading volume of 1,438,797 shares, compared to its average volume of 608,730. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 1.72 and a beta of 0.17. Childrens Place has a 1 year low of $99.54 and a 1 year high of $161.65.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting analysts’ consensus estimates of $3.07. The company had revenue of $522.50 million for the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $2.58 EPS. Analysts expect that Childrens Place will post 7.74 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, December 14th. Childrens Place’s dividend payout ratio (DPR) is 25.28%.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sapphire Star Partners LP lifted its holdings in shares of Childrens Place by 5.0% in the 3rd quarter. Sapphire Star Partners LP now owns 7,326 shares of the company’s stock worth $937,000 after purchasing an additional 352 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Childrens Place by 11.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,915 shares of the company’s stock valued at $500,000 after acquiring an additional 395 shares in the last quarter. Alps Advisors Inc. raised its stake in Childrens Place by 11.6% during the 2nd quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock valued at $592,000 after acquiring an additional 423 shares in the last quarter. Legal & General Group Plc raised its stake in Childrens Place by 1.2% during the 2nd quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock valued at $4,456,000 after acquiring an additional 427 shares in the last quarter. Finally, Yorktown Management & Research Co Inc raised its stake in Childrens Place by 9.7% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 5,108 shares of the company’s stock valued at $653,000 after acquiring an additional 452 shares in the last quarter.
About Childrens Place
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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