Odeon Capital Group began coverage on shares of Childrens Place (NASDAQ:PLCE) in a report issued on Thursday, BenzingaRatingsTable reports. The firm issued a buy rating and a $87.00 price target on the stock.
PLCE has been the topic of a number of other research reports. B. Riley upgraded Childrens Place to a buy rating and set a $59.00 price target on the stock in a research report on Friday, January 10th. Zacks Investment Research increased their price target on Childrens Place to $106.75 in a research report on Tuesday, October 15th. Wedbush downgraded Childrens Place from an outperform rating to a neutral rating and lowered their price target for the stock from $130.00 to $60.00 in a research report on Wednesday, December 11th. Deutsche Bank lowered their price target on Childrens Place from $103.00 to $75.00 and set a buy rating on the stock in a research report on Thursday, December 12th. Finally, Telsey Advisory Group lowered their price target on Childrens Place from $105.00 to $70.00 and set an outperform rating on the stock in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Childrens Place currently has a consensus rating of Hold and a consensus target price of $79.23.
PLCE stock traded down $0.23 during mid-day trading on Thursday, reaching $63.43. 404,933 shares of the company’s stock were exchanged, compared to its average volume of 630,883. The company has a market cap of $948.63 million, a price-to-earnings ratio of 16.31, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68. The stock’s 50 day moving average is $63.52 and its 200 day moving average is $78.23. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.19. Childrens Place has a 12-month low of $53.62 and a 12-month high of $116.84.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.01. The company had revenue of $524.80 million for the quarter, compared to the consensus estimate of $534.09 million. Childrens Place had a return on equity of 26.84% and a net margin of 3.23%. Childrens Place’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.07 earnings per share. On average, research analysts forecast that Childrens Place will post 5.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Monday, December 16th were given a dividend of $0.56 per share. The ex-dividend date was Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.53%. Childrens Place’s payout ratio is 33.19%.
In related news, CEO Jane T. Elfers acquired 18,100 shares of Childrens Place stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $55.54 per share, for a total transaction of $1,005,274.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Norman S. Matthews acquired 10,000 shares of Childrens Place stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average price of $57.69 per share, for a total transaction of $576,900.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 35,900 shares of company stock worth $2,020,014. 3.10% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in PLCE. Ladenburg Thalmann Financial Services Inc. lifted its position in Childrens Place by 229.5% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 570 shares of the company’s stock worth $55,000 after buying an additional 397 shares in the last quarter. US Bancorp DE lifted its position in Childrens Place by 128.7% during the second quarter. US Bancorp DE now owns 901 shares of the company’s stock worth $86,000 after buying an additional 507 shares in the last quarter. Virtu Financial LLC purchased a new position in Childrens Place during the third quarter worth approximately $200,000. Wedbush Securities Inc. increased its stake in Childrens Place by 22.0% during the third quarter. Wedbush Securities Inc. now owns 3,124 shares of the company’s stock worth $241,000 after acquiring an additional 564 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in Childrens Place by 120.7% during the second quarter. Royal Bank of Canada now owns 2,777 shares of the company’s stock worth $265,000 after acquiring an additional 1,519 shares during the last quarter.
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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