Children’s Place, Inc. (The) (PLCE) Given New $144.00 Price Target at Buckingham Research

Children’s Place, Inc. (The) (NASDAQ:PLCE) had its price objective hoisted by Buckingham Research from $139.00 to $144.00 in a report released on Thursday. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on PLCE. B. Riley reiterated a buy rating on shares of Children’s Place, Inc. (The) in a report on Wednesday, November 1st. FBR & Co reiterated a buy rating and set a $127.00 price target on shares of Children’s Place, Inc. (The) in a report on Monday, October 2nd. BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) and gave the stock a hold rating in a report on Tuesday, August 8th. Telsey Advisory Group increased their price target on Children’s Place, Inc. (The) from $135.00 to $140.00 and gave the stock an outperform rating in a report on Thursday. Finally, BidaskClub upgraded Children’s Place, Inc. (The) from a buy rating to a strong-buy rating in a report on Wednesday, August 9th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $131.67.

Children’s Place, Inc. (PLCE) traded up $3.25 during midday trading on Thursday, reaching $127.20. The company had a trading volume of 890,328 shares, compared to its average volume of 531,500. The firm has a market capitalization of $2,190.00, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.71 and a beta of 0.27. Children’s Place, Inc. has a 1-year low of $92.95 and a 1-year high of $128.50.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.46 by $0.12. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. During the same period in the prior year, the business posted $2.29 earnings per share. Children’s Place, Inc. (The)’s quarterly revenue was up 3.4% on a year-over-year basis. research analysts forecast that Children’s Place, Inc. will post 7.42 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.26%. Children’s Place, Inc. (The)’s dividend payout ratio is presently 22.96%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Children’s Place, Inc. (The) by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock valued at $247,660,000 after buying an additional 32,057 shares during the period. Royce & Associates LP grew its stake in shares of Children’s Place, Inc. (The) by 2.4% in the 3rd quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock valued at $136,104,000 after buying an additional 27,431 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Children’s Place, Inc. (The) by 3.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 806,129 shares of the company’s stock valued at $82,305,000 after buying an additional 27,887 shares during the period. FMR LLC grew its stake in shares of Children’s Place, Inc. (The) by 7,303.5% in the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after buying an additional 731,158 shares during the period. Finally, LSV Asset Management grew its stake in shares of Children’s Place, Inc. (The) by 49.9% in the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock valued at $70,925,000 after buying an additional 231,111 shares during the period.

About Children’s Place, Inc. (The)

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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