Childrens Place (PLCE) PT Raised to $164.00 at Telsey Advisory Group
Childrens Place (NASDAQ:PLCE) had its price objective hoisted by Telsey Advisory Group from $140.00 to $164.00 in a report issued on Tuesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock.
Other equities analysts have also issued reports about the stock. B. Riley reaffirmed a buy rating on shares of Childrens Place in a report on Wednesday, November 1st. ValuEngine downgraded shares of Childrens Place from a buy rating to a hold rating in a research note on Wednesday, November 22nd. SunTrust Banks assumed coverage on shares of Childrens Place in a research note on Thursday, December 21st. They set a hold rating and a $150.00 price objective for the company. BMO Capital Markets set a $130.00 price objective on shares of Childrens Place and gave the stock a hold rating in a research note on Tuesday, December 19th. Finally, BidaskClub upgraded shares of Childrens Place from a buy rating to a strong-buy rating in a research note on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Childrens Place has an average rating of Buy and a consensus price target of $135.62.
Childrens Place (PLCE) opened at $148.45 on Tuesday. Childrens Place has a 1-year low of $92.95 and a 1-year high of $152.70. The stock has a market cap of $2,580.00, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.20 and a beta of 0.31.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. During the same period in the previous year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. analysts predict that Childrens Place will post 7.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. Childrens Place’s dividend payout ratio is presently 22.70%.
A number of hedge funds and other institutional investors have recently bought and sold shares of PLCE. Riverhead Capital Management LLC lifted its position in Childrens Place by 80.7% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after purchasing an additional 565 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Childrens Place during the third quarter valued at $171,000. Flinton Capital Management LLC lifted its position in Childrens Place by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares during the period. Shelton Capital Management acquired a new position in Childrens Place during the third quarter valued at $206,000. Finally, Advisor Group Inc. lifted its position in Childrens Place by 169.9% during the third quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after purchasing an additional 1,113 shares during the period.
Childrens Place 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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