Shares of Childrens Place Inc (NASDAQ:PLCE) have been assigned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $124.67.
A number of analysts have commented on PLCE shares. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $126.00 price objective (up from $100.00) on shares of Childrens Place in a research report on Monday, May 13th. Citigroup increased their price objective on shares of Childrens Place from $90.00 to $106.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, B. Riley set a $122.00 price objective on shares of Childrens Place and gave the company a “buy” rating in a research report on Tuesday, May 14th.
PLCE traded up $1.63 during trading hours on Thursday, hitting $106.63. 1,215,109 shares of the company’s stock were exchanged, compared to its average volume of 711,164. Childrens Place has a 1-year low of $82.05 and a 1-year high of $160.23. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.10 and a beta of 0.69. The company has a current ratio of 0.79, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, June 17th. Childrens Place’s dividend payout ratio is 33.19%.
In related news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.10% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its position in Childrens Place by 68.4% during the first quarter. Advisor Group Inc. now owns 682 shares of the company’s stock worth $67,000 after acquiring an additional 277 shares during the period. PNC Financial Services Group Inc. grew its stake in Childrens Place by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock worth $86,000 after buying an additional 223 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in Childrens Place during the fourth quarter worth about $92,000. Quantamental Technologies LLC acquired a new stake in Childrens Place during the fourth quarter worth about $92,000. Finally, ClariVest Asset Management LLC acquired a new stake in Childrens Place during the fourth quarter worth about $108,000.
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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