BMO Capital Markets Analysts Give Childrens Place (PLCE) a $130.00 Price Target

BMO Capital Markets set a $130.00 price target on Childrens Place (NASDAQ:PLCE) in a research note issued to investors on Tuesday. The brokerage currently has a hold rating on the stock.

PLCE has been the topic of several other research reports. FBR & Co reaffirmed a buy rating and issued a $127.00 price objective on shares of Childrens Place in a research note on Monday, October 2nd. Buckingham Research raised their price objective on Childrens Place from $139.00 to $144.00 and gave the stock a buy rating in a research note on Thursday, November 16th. BidaskClub raised Childrens Place from a buy rating to a strong-buy rating in a research note on Wednesday, December 6th. B. Riley set a $130.00 price objective on Childrens Place and gave the stock a buy rating in a research note on Wednesday, November 15th. Finally, ValuEngine raised Childrens Place from a hold rating to a buy rating in a research note on Wednesday, November 15th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $133.77.

Childrens Place (PLCE) traded up $0.45 during midday trading on Tuesday, hitting $137.90. The stock had a trading volume of 221,100 shares, compared to its average volume of 523,390. Childrens Place has a 1 year low of $92.95 and a 1 year high of $141.95. The company has a market capitalization of $2,391.02, a P/E ratio of 18.91, a P/E/G ratio of 2.03 and a beta of 0.33.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. During the same quarter last year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. equities analysts predict that Childrens Place will post 7.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Tuesday, December 12th. Childrens Place’s dividend payout ratio is currently 22.66%.

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Childrens Place by 1.3% during the second quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after purchasing an additional 32,057 shares in the last quarter. Royce & Associates LP grew its holdings in Childrens Place by 2.4% during 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Childrens Place by 3.6% during 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 in the last quarter. FMR LLC grew its holdings in Childrens Place by 7,303.5% during 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 in the last quarter. Finally, LSV Asset Management grew its holdings in Childrens Place by 49.9% during 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 in the last quarter.

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About Childrens Place

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.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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