SunTrust Banks Begins Coverage on Childrens Place (PLCE)

SunTrust Banks initiated coverage on shares of Childrens Place (NASDAQ:PLCE) in a research report released on Thursday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $150.00 price target on the stock.

Several other brokerages have also recently issued reports on PLCE. ValuEngine cut shares of Childrens Place from a buy rating to a hold rating in a research note on Wednesday, November 22nd. FBR & Co restated a buy rating and set a $127.00 target price on shares of Childrens Place in a report on Monday, October 2nd. BMO Capital Markets restated a hold rating and set a $112.00 target price on shares of Childrens Place in a report on Thursday, November 2nd. B. Riley set a $130.00 target price on shares of Childrens Place and gave the company a buy rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group lifted their target price on shares of Childrens Place from $135.00 to $140.00 and gave the company an outperform rating in a report on Thursday, November 16th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $133.77.

Shares of Childrens Place (NASDAQ PLCE) opened at $141.95 on Thursday. Childrens Place has a 12 month low of $92.95 and a 12 month high of $142.15. The stock has a market cap of $2,540.00, a price-to-earnings ratio of 20.13, a PEG ratio of 2.03 and a beta of 0.33.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, beating 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 company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. During the same period in the previous year, the company earned $2.29 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. analysts anticipate that Childrens Place will post 7.54 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Childrens Place’s dividend payout ratio is currently 22.70%.

A number of hedge funds have recently modified their holdings of PLCE. FMR LLC lifted its holdings in Childrens Place by 7,303.5% in the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after buying an additional 731,158 shares in the last quarter. LSV Asset Management lifted its holdings in Childrens Place by 49.9% in the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after buying an additional 231,111 shares in the last quarter. Systematic Financial Management LP lifted its holdings in Childrens Place by 179.0% in the 2nd quarter. Systematic Financial Management LP now owns 295,581 shares of the company’s stock worth $30,179,000 after buying an additional 189,623 shares in the last quarter. Voya Investment Management LLC lifted its holdings in Childrens Place by 39.9% in the 2nd quarter. Voya Investment Management LLC now owns 551,468 shares of the company’s stock worth $56,305,000 after buying an additional 157,333 shares in the last quarter. Finally, Balyasny Asset Management LLC lifted its holdings in Childrens Place by 144.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 199,899 shares of the company’s stock worth $20,410,000 after buying an additional 118,267 shares in the last quarter.

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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.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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