Shares of The Children’s Place (NASDAQ:PLCE) have been given a consensus rating of “Buy” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $144.91.
PLCE has been the topic of several research reports. ValuEngine raised The Children’s Place from a “hold” rating to a “buy” rating in a report on Monday, February 5th. BidaskClub lowered The Children’s Place from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 21st. Cowen initiated coverage on The Children’s Place in a report on Thursday, March 1st. They set an “outperform” rating and a $160.00 price objective on the stock. B. Riley set a $167.00 price objective on The Children’s Place and gave the stock a “buy” rating in a report on Tuesday, March 20th. Finally, SunTrust Banks set a $132.00 price objective on The Children’s Place and gave the stock a “hold” rating in a report on Wednesday, March 21st.
Institutional investors and hedge funds have recently made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of The Children’s Place during the fourth quarter worth about $143,000. Cubist Systematic Strategies LLC acquired a new stake in shares of The Children’s Place during the third quarter worth about $171,000. Everence Capital Management Inc. acquired a new stake in shares of The Children’s Place during the fourth quarter worth about $202,000. ARP Americas LP acquired a new stake in shares of The Children’s Place during the fourth quarter worth about $206,000. Finally, Glen Harbor Capital Management LLC boosted its stake in shares of The Children’s Place by 36.3% during the first quarter. Glen Harbor Capital Management LLC now owns 1,744 shares of the company’s stock worth $236,000 after buying an additional 464 shares during the period.
The Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings data on Tuesday, March 20th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.03. The company had revenue of $570.00 million for the quarter, compared to analyst estimates of $574.09 million. The Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 earnings per share. research analysts forecast that The Children’s Place will post 8.15 EPS for the current fiscal year.
The Children’s Place announced that its Board of Directors has authorized a stock repurchase program on Tuesday, March 20th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 27th. Stockholders of record on Monday, April 16th were paid a dividend of $0.50 per share. This is an increase from The Children’s Place’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, April 13th. This represents a $2.00 annualized dividend and a dividend yield of 1.54%. The Children’s Place’s dividend payout ratio is 25.28%.
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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