Childrens Place (NASDAQ:PLCE) Lowered to Hold at ValuEngine
Other equities analysts also recently issued research reports about the stock. Wolfe Research cut their target price on shares of Childrens Place from $137.00 to $102.00 and set an outperform rating on the stock in a research note on Thursday, August 22nd. Monness Crespi & Hardt lowered their price target on shares of Childrens Place from $128.00 to $105.00 and set a buy rating for the company in a report on Thursday, August 22nd. TheStreet lowered shares of Childrens Place from a b- rating to a c+ rating in a report on Friday, May 31st. Wedbush set a $130.00 price target on shares of Childrens Place and gave the company a buy rating in a report on Friday, June 21st. Finally, BidaskClub lowered shares of Childrens Place from a hold rating to a sell rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Childrens Place has a consensus rating of Buy and an average price target of $116.00.
Shares of PLCE stock opened at $81.26 on Tuesday. The company’s fifty day simple moving average is $85.20 and its 200-day simple moving average is $95.56. Childrens Place has a 52 week low of $70.43 and a 52 week high of $160.23. The company has a current ratio of 0.77, a quick ratio of 0.20 and a debt-to-equity ratio of 1.37. The company has a market cap of $1.30 billion, a PE ratio of 12.04, a P/E/G ratio of 1.86 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, September 20th. Childrens Place’s payout ratio is 33.19%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. grew its holdings in Childrens Place by 23.9% during the 2nd quarter. Wedbush Securities Inc. now owns 2,560 shares of the company’s stock valued at $244,000 after purchasing an additional 494 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after purchasing an additional 6,015 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Childrens Place by 50.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 469,246 shares of the company’s stock valued at $45,648,000 after purchasing an additional 157,331 shares in the last quarter. 361 Capital LLC acquired a new position in Childrens Place during the 2nd quarter worth $2,300,000. Finally, Tyers Asset Management LLC grew its holdings in Childrens Place by 13.5% during the 2nd quarter. Tyers Asset Management LLC now owns 10,736 shares of the company’s stock worth $1,024,000 after acquiring an additional 1,276 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 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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