Childrens Place (NASDAQ:PLCE) had its price target lifted by SunTrust Banks to $157.00 in a report released on Tuesday, The Fly reports. SunTrust Banks currently has a hold rating on the stock. SunTrust Banks also issued estimates for Childrens Place’s Q4 2018 earnings at $2.50 EPS, FY2018 earnings at $7.88 EPS, Q1 2019 earnings at $2.29 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $2.95 EPS, Q4 2019 earnings at $2.67 EPS and FY2019 earnings at $8.49 EPS. The analysts noted that the move was a valuation call.
A number of other equities research analysts also recently weighed in on the company. Telsey Advisory Group raised their price objective on Childrens Place from $140.00 to $164.00 and gave the company an outperform rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the company a hold rating in a research report on Tuesday, December 19th. BidaskClub raised Childrens Place from a buy rating to a strong-buy rating in a research report on Wednesday, December 6th. ValuEngine downgraded Childrens Place from a buy rating to a hold rating in a research report on Wednesday, November 22nd. Finally, Buckingham Research raised their price objective on Childrens Place from $139.00 to $144.00 and gave the company a buy rating in a research report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $139.15.
Shares of Childrens Place (PLCE) traded up $0.95 during mid-day trading on Tuesday, reaching $158.35. The company had a trading volume of 380,987 shares, compared to its average volume of 442,791. Childrens Place has a 12 month low of $92.95 and a 12 month high of $161.05. The company has a market capitalization of $2,738.06, a P/E ratio of 21.65, a P/E/G ratio of 2.23 and a beta of 0.31.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Tuesday, December 12th. Childrens Place’s dividend payout ratio (DPR) is presently 22.66%.
Institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC raised its stake in Childrens Place by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock valued at $311,000 after buying an additional 465 shares during the last quarter. Stifel Financial Corp raised its stake in Childrens Place by 42.7% in the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock valued at $3,773,000 after buying an additional 11,056 shares during the last quarter. Legato Capital Management LLC purchased a new stake in Childrens Place in the third quarter valued at about $680,000. Vanguard Group Inc. raised its stake in Childrens Place by 1.3% in the second 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 last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Childrens Place by 131.0% in the third quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock worth $13,071,000 after purchasing an additional 62,737 shares during 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.
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