Children’s Place, Inc. (The) (NASDAQ:PLCE) Getting Favorable Press Coverage, Analysis Finds
Media stories about Children’s Place, Inc. (The) (NASDAQ:PLCE) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Children’s Place, Inc. (The) earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.543102198212 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s analysis:
- Children’s Place, Inc. (The) (PLCE) Expected to Post Quarterly Sales of $479.30 Million (americanbankingnews.com)
- Q3 2018 EPS Estimates for Children’s Place, Inc. (The) (PLCE) Reduced by Oppenheimer Holdings (americanbankingnews.com)
- The Children’s Place Reports Second Quarter 2017 Results (finance.yahoo.com)
- Mylan, Vantiv,Achillion Pharmaceuticals and more – PRE-MARKET (proactiveinvestors.co.uk)
- Duterte wants cops ‘in cahoots’ with Parojinogs ‘dead or alive’ (fishinghd.com)
A number of equities analysts recently weighed in on PLCE shares. FBR & Co reiterated a “buy” rating on shares of Children’s Place, Inc. (The) in a research report on Tuesday, April 18th. BMO Capital Markets set a $112.00 price objective on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research report on Thursday, May 18th. BidaskClub lowered Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Telsey Advisory Group upgraded 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. Finally, Morgan Stanley raised their price objective on Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, May 22nd. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $125.00.
Children’s Place, Inc. (NASDAQ:PLCE) traded down 1.21% during midday trading on Friday, hitting $105.80. The stock had a trading volume of 469,078 shares. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The stock has a 50-day moving average of $105.63 and a 200-day moving average of $108.00. The firm has a market cap of $1.87 billion, a P/E ratio of 15.13 and a beta of 0.33.
Children’s Place, Inc. (The) (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11. The company had revenue of $373.60 million during the quarter, compared to analysts’ expectations of $376.53 million. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. Children’s Place, Inc. (The)’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.01) earnings per share. Analysts forecast that Children’s Place, Inc. will post $7.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. Children’s Place, Inc. (The)’s dividend payout ratio is currently 22.92%.
In related news, insider Michael Scarpa sold 37,231 shares of the 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 completion of the transaction, the insider now directly owns 59,084 shares of the company’s stock, valued at $6,385,798.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin Low sold 14,517 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were 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 of the company’s stock, valued at $3,659,927.60. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.
Children’s Place, Inc. (The) Company Profile
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.
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