ValuEngine lowered shares of Childrens Place (NASDAQ:PLCE) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

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.

Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. The business had revenue of $420.50 million for the quarter, compared to the consensus estimate of $428.28 million. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. Equities research analysts expect that Childrens Place will post 5.62 EPS for the current fiscal year.

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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