Childrens Place Inc (NASDAQ:PLCE) has received an average recommendation of “Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $115.08.

PLCE has been the subject of a number of research reports. Wedbush set a $130.00 target price on Childrens Place and gave the stock a “buy” rating in a report on Friday, June 21st. DA Davidson set a $135.00 target price on Childrens Place and gave the stock a “buy” rating in a report on Friday, September 13th. ValuEngine downgraded Childrens Place from a “buy” rating to a “hold” rating in a report on Tuesday, September 17th. Zacks Investment Research lifted their target price on Childrens Place to $106.75 in a report on Tuesday. Finally, Wolfe Research dropped their target price on Childrens Place from $137.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC raised its stake in Childrens Place by 65.4% in the first quarter. FMR LLC now owns 2,115,024 shares of the company’s stock valued at $205,749,000 after purchasing an additional 836,154 shares in the last quarter. Vanguard Group Inc. grew its position in Childrens Place by 0.6% in the second quarter. Vanguard Group Inc. now owns 1,648,768 shares of the company’s stock valued at $157,259,000 after acquiring an additional 9,423 shares during the last quarter. Bank of New York Mellon Corp grew its position in Childrens Place by 22.4% in the second quarter. Bank of New York Mellon Corp now owns 563,825 shares of the company’s stock valued at $53,779,000 after acquiring an additional 103,008 shares during the last quarter. Balyasny Asset Management LLC grew its position in Childrens Place by 293.9% in the second quarter. Balyasny Asset Management LLC now owns 497,064 shares of the company’s stock valued at $47,410,000 after acquiring an additional 370,870 shares during the last quarter. Finally, Invesco Ltd. grew its position in Childrens Place by 98.1% in the second quarter. Invesco Ltd. now owns 433,207 shares of the company’s stock valued at $41,320,000 after acquiring an additional 214,538 shares during the last quarter.

Shares of Childrens Place stock opened at $76.00 on Friday. The business has a fifty day simple moving average of $81.36 and a two-hundred day simple moving average of $93.75. Childrens Place has a 1 year low of $69.94 and a 1 year high of $160.23. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.69 and a beta of 0.80. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.77 and a quick ratio of 0.20.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. Childrens Place had a return on equity of 26.03% and a net margin of 3.60%. The company had revenue of $420.50 million during the quarter, compared to the consensus estimate of $428.28 million. During the same quarter last year, the firm earned $0.70 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts anticipate that Childrens Place will post 5.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 23rd were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Friday, September 20th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.

About Childrens Place

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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