Shares of Childrens Place Inc (NASDAQ:PLCE) have earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $147.71.

PLCE has been the subject of a number of recent research reports. Bank of America upgraded Childrens Place from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. BidaskClub upgraded Childrens Place from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. B. Riley restated a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 14th. Finally, Citigroup upped their price objective on Childrens Place from $154.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, December 3rd.

NASDAQ PLCE opened at $89.29 on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.29, a P/E/G ratio of 1.45 and a beta of 0.67. Childrens Place has a fifty-two week low of $85.62 and a fifty-two week high of $161.65.

Childrens Place (NASDAQ:PLCE) last announced its earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $3.07. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The company had revenue of $522.50 million for the quarter, compared to analyst estimates of $511.19 million. During the same period in the prior year, the company posted $2.58 EPS. Childrens Place’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts forecast that Childrens Place will post 7.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Monday, December 17th were paid a $0.50 dividend. The ex-dividend date was Friday, December 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.24%. Childrens Place’s payout ratio is 25.28%.

Large investors have recently added to or reduced their stakes in the company. Sapphire Star Partners LP lifted its stake in 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 acquiring an additional 352 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Childrens Place by 11.2% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,915 shares of the company’s stock worth $500,000 after acquiring an additional 395 shares in the last quarter. Legal & General Group Plc lifted its stake in Childrens Place by 1.2% in the 2nd quarter. Legal & General Group Plc now owns 36,511 shares of the company’s stock worth $4,456,000 after acquiring an additional 427 shares in the last quarter. Yorktown Management & Research Co Inc lifted its stake in Childrens Place by 9.7% in the 3rd quarter. Yorktown Management & Research Co Inc now owns 5,108 shares of the company’s stock worth $653,000 after acquiring an additional 452 shares in the last quarter. Finally, Putnam Investments LLC lifted its stake in Childrens Place by 0.6% in the 2nd quarter. Putnam Investments LLC now owns 82,617 shares of the company’s stock worth $9,980,000 after acquiring an additional 500 shares in the last quarter.

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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