DA Davidson started coverage on shares of Childrens Place (NASDAQ:PLCE) in a report released on Tuesday morning, The Fly reports. The firm issued a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Bank of America reiterated a neutral rating and set a $105.00 price target (up previously from $95.00) on shares of Childrens Place in a report on Friday, April 5th. ValuEngine upgraded shares of Childrens Place from a sell rating to a hold rating in a report on Saturday, March 30th. BidaskClub upgraded shares of Childrens Place from a sell rating to a hold rating in a report on Tuesday, April 9th. Telsey Advisory Group reiterated an outperform rating and set a $100.00 price target (down previously from $120.00) on shares of Childrens Place in a report on Tuesday, March 5th. Finally, Wedbush lowered their price target on shares of Childrens Place from $165.00 to $130.00 and set an outperform rating for the company in a report on Wednesday, March 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $117.75.

NASDAQ PLCE opened at $109.93 on Tuesday. Childrens Place has a 52 week low of $82.05 and a 52 week high of $160.23. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.32 and a beta of 0.63.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Monday, March 4th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $2.10 by ($1.00). Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The firm had revenue of $530.56 million for the quarter, compared to analyst estimates of $553.06 million. During the same quarter last year, the firm earned $2.52 EPS. The company’s revenue was down 6.9% on a year-over-year basis. Equities analysts forecast that Childrens Place will post 6.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Monday, April 15th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, April 12th. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s payout ratio is currently 33.19%.

Several large investors have recently modified their holdings of PLCE. FMR LLC lifted its position in shares of Childrens Place by 27.9% during the 4th quarter. FMR LLC now owns 1,278,870 shares of the company’s stock worth $115,212,000 after buying an additional 278,872 shares during the last quarter. Norges Bank purchased a new stake in shares of Childrens Place during the 4th quarter worth approximately $22,982,000. Peregrine Capital Management LLC purchased a new stake in shares of Childrens Place during the 1st quarter worth approximately $16,038,000. Marshall Wace LLP lifted its position in shares of Childrens Place by 59.2% during the 3rd quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock worth $54,948,000 after buying an additional 159,830 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in shares of Childrens Place during the 4th quarter worth approximately $11,906,000.

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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