Citigroup upgraded shares of The Children’s Place (NASDAQ:PLCE) from a market perform rating to an outperform rating in a research note published on Monday morning. The firm currently has $150.00 target price on the stock, up from their prior target price of $135.00.
A number of other equities research analysts also recently issued reports on the stock. Oppenheimer upgraded shares of The Children’s Place from a market perform rating to an outperform rating in a research note on Monday. UBS upgraded shares of The Children’s Place from a market perform rating to an outperform rating in a research note on Monday. ValuEngine downgraded shares of The Children’s Place from a buy rating to a hold rating in a research note on Tuesday, April 3rd. Bank of America downgraded shares of The Children’s Place from a buy rating to an underperform rating and reduced their price objective for the stock from $175.00 to $115.00 in a research note on Friday, March 23rd. Finally, Telsey Advisory Group dropped their target price on shares of The Children’s Place from $190.00 to $165.00 and set an outperform rating for the company in a report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $145.09.
Shares of The Children’s Place opened at $127.03 on Monday, MarketBeat reports. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.85 and a beta of 0.37. The Children’s Place has a 12-month low of $136.70 and a 12-month high of $140.55.
The Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, May 17th. The company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.34). The firm had revenue of $436.30 million for the quarter, compared to analyst estimates of $443.78 million. The Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.95 earnings per share. equities analysts predict that The Children’s Place will post 8.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Monday, June 18th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.57%. The Children’s Place’s dividend payout ratio (DPR) is currently 25.28%.
The Children’s Place declared that its board has approved a share repurchase program on Tuesday, March 20th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Several hedge funds have recently bought and sold shares of PLCE. Harvest Fund Management Co. Ltd bought a new position in shares of The Children’s Place in the fourth quarter worth about $143,000. Everence Capital Management Inc. bought a new position in The Children’s Place in the 4th quarter valued at approximately $202,000. ARP Americas LP bought a new position in The Children’s Place in the 4th quarter valued at approximately $206,000. Glen Harbor Capital Management LLC raised its holdings in The Children’s Place by 36.3% in the 1st quarter. Glen Harbor Capital Management LLC now owns 1,744 shares of the company’s stock valued at $236,000 after buying an additional 464 shares during the last quarter. Finally, M&T Bank Corp bought a new position in The Children’s Place in the 4th quarter valued at approximately $248,000.
About The Children’s Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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