Childrens Place Inc (NASDAQ:PLCE) has received an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $124.67.

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Childrens Place from $90.00 to $106.00 and gave the company a “neutral” rating in a report on Thursday. BidaskClub cut shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Telsey Advisory Group restated an “outperform” rating and issued a $126.00 target price (up previously from $100.00) on shares of Childrens Place in a report on Monday. B. Riley set a $122.00 target price on shares of Childrens Place and gave the company a “buy” rating in a report on Tuesday. Finally, Bank of America restated a “neutral” rating and issued a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a report on Friday, April 5th.

Shares of Childrens Place stock opened at $112.11 on Thursday. Childrens Place has a 12-month low of $82.05 and a 12-month high of $160.23. The firm has a market capitalization of $1.71 billion, a PE ratio of 16.61, a P/E/G ratio of 2.41 and a beta of 0.69.

Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.89. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The business had revenue of $412.40 million during the quarter, compared to analysts’ expectations of $399.40 million. During the same quarter in the prior year, the business posted $1.87 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Sell-side analysts expect that Childrens Place will post 5.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a yield of 2.00%. This is a boost from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio is currently 33.19%.

In related news, VP Robert F. Helm sold 227 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Bain Capital Public Equity Management LLC acquired a new stake in Childrens Place during the 1st quarter worth $4,368,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Childrens Place during the 1st quarter worth $3,042,000. Park West Asset Management LLC acquired a new stake in Childrens Place during the 1st quarter worth $10,701,000. Engine Capital Management LP acquired a new stake in Childrens Place during the 1st quarter worth $3,502,000. Finally, Daruma Capital Management LLC acquired a new stake in Childrens Place during the 1st quarter worth $28,679,000.

Childrens Place Company Profile

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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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