BidaskClub cut shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) from a buy rating to a hold rating in a research note issued to investors on Friday.

A number of other analysts have also recently weighed in on the stock. FBR & Co reissued a buy rating on shares of Children’s Place, Inc. (The) in a report on Tuesday, April 18th. BMO Capital Markets restated a hold rating and set a $115.00 price objective on shares of Children’s Place, Inc. (The) in a research report on Tuesday, April 18th. ValuEngine upgraded shares of Children’s Place, Inc. (The) from a hold rating to a buy rating in a research report on Friday, May 19th. Morgan Stanley raised their price objective on shares of Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the company an overweight rating in a research report on Monday, May 22nd. Finally, Telsey Advisory Group upgraded shares of Children’s Place, Inc. (The) from a market perform rating to an outperform rating and set a $135.00 price objective for the company in a research report on Monday, June 26th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Children’s Place, Inc. (The) currently has a consensus rating of Buy and an average target price of $125.00.

Children’s Place, Inc. (NASDAQ PLCE) traded up 2.93% during midday trading on Friday, reaching $108.75. 102,514 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.92 billion, a P/E ratio of 18.03 and a beta of 0.33. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The stock’s 50 day moving average is $103.82 and its 200 day moving average is $107.40.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its earnings results on Thursday, May 18th. The company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.31. The business had revenue of $436.70 million during the quarter, compared to the consensus estimate of $422.51 million. Children’s Place, Inc. (The) had a net margin of 6.25% and a return on equity of 23.00%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. On average, analysts expect that Children’s Place, Inc. will post $7.24 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, June 19th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Thursday, June 15th. Children’s Place, Inc. (The)’s payout ratio is 26.32%.

In related news, insider Michael Scarpa sold 37,231 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $108.08, for a total transaction of $4,023,926.48. Following the transaction, the insider now directly owns 59,084 shares of the company’s stock, valued at approximately $6,385,798.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Low sold 14,517 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $109.04, for a total value of $1,582,933.68. Following the transaction, the senior vice president now directly owns 33,565 shares in the company, valued at $3,659,927.60. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strs Ohio raised its position in shares of Children’s Place, Inc. (The) by 150.0% in the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock worth $120,000 after buying an additional 600 shares in the last quarter. LS Investment Advisors LLC raised its stake in Children’s Place, Inc. (The) by 73.8% in the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock valued at $146,000 after buying an additional 518 shares during the period. TrimTabs Asset Management LLC raised its stake in Children’s Place, Inc. (The) by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,342 shares of the company’s stock valued at $161,000 after buying an additional 632 shares during the period. Meeder Asset Management Inc. bought a new stake in Children’s Place, Inc. (The) during the second quarter valued at about $182,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Children’s Place, Inc. (The) during the first quarter valued at about $194,000.

About Children’s Place, Inc. (The)

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.

Analyst Recommendations for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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