Positive Media Coverage Somewhat Unlikely to Impact Childrens Place (PLCE) Stock Price
Media coverage about Childrens Place (NASDAQ:PLCE) has trended positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Childrens Place earned a media sentiment score of 0.37 on Accern’s scale. Accern also gave media coverage about the company an impact score of 48.3958527125604 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s analysis:
- Childrens Place Inc (PLCE) Expected to Announce Quarterly Sales of $570.37 Million (americanbankingnews.com)
- Brokerages Expect Childrens Place Inc (PLCE) Will Announce Earnings of $2.49 Per Share (americanbankingnews.com)
- What’s Happening With These Apparel Stores Stocks? — L Brands, Nordstrom, Children’s Place, and Urban Outfitters – PR Newswire (press release) (prnewswire.com)
- Childrens Place Inc Expected to Earn FY2019 Earnings of $8.68 Per Share (PLCE) (americanbankingnews.com)
A number of equities analysts recently commented on PLCE shares. Buckingham Research boosted their target price on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. SunTrust Banks boosted their price target on shares of Childrens Place to $157.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. They noted that the move was a valuation call. BidaskClub raised shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. B. Riley set a $130.00 price target on shares of Childrens Place and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $112.00 price target on shares of Childrens Place in a research report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $139.15.
Childrens Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. During the same period in the prior year, the company earned $2.29 earnings per share. The business’s revenue was up 3.4% compared to the same quarter last year. analysts anticipate that Childrens Place will post 7.87 EPS for the current fiscal year.
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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.
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