Childrens Place (PLCE) Upgraded at BidaskClub

BidaskClub upgraded shares of Childrens Place (NASDAQ:PLCE) from a hold rating to a buy rating in a research report report published on Friday, BidAskClub reports.

A number of other research analysts have also recently weighed in on PLCE. ValuEngine cut Childrens Place from a sell rating to a strong sell rating in a research report on Saturday, January 5th. Citigroup cut Childrens Place from a buy rating to a neutral rating and dropped their price target for the company from $130.00 to $97.00 in a research report on Tuesday, February 26th. Telsey Advisory Group restated an outperform rating and issued a $100.00 price target (down previously from $120.00) on shares of Childrens Place in a research report on Tuesday, March 5th. B. Riley dropped their price target on Childrens Place from $167.00 to $122.00 and set a buy rating for the company in a research report on Tuesday, March 5th. Finally, Wedbush dropped their price target on Childrens Place from $165.00 to $130.00 and set an outperform rating for the company in a research report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $117.75.

Shares of PLCE stock opened at $111.86 on Friday. Childrens Place has a fifty-two week low of $82.05 and a fifty-two week high of $160.23. The firm has a market capitalization of $1.77 billion, a PE ratio of 16.57, a PEG ratio of 2.32 and a beta of 0.63.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 15th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, April 12th. This is a boost from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio (DPR) is currently 33.19%.

Institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in Childrens Place by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock worth $86,000 after purchasing an additional 223 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Childrens Place during the 4th quarter worth about $92,000. Bruderman Asset Management LLC purchased a new stake in Childrens Place during the 4th quarter worth about $92,000. ClariVest Asset Management LLC purchased a new stake in Childrens Place during the 4th quarter worth about $108,000. Finally, LS Investment Advisors LLC increased its position in Childrens Place by 169.5% during the 4th quarter. LS Investment Advisors LLC now owns 1,412 shares of the company’s stock worth $127,000 after purchasing an additional 888 shares in the last quarter.

About Childrens Place

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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