BidaskClub upgraded shares of Children’s Place (NASDAQ:PLCE) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Other equities research analysts have also issued research reports about the stock. Buckingham Research lifted their price objective on shares of Children’s Place from $139.00 to $144.00 and gave the company a buy rating in a research note on Thursday, November 16th. ValuEngine raised shares of Children’s Place from a hold rating to a buy rating in a research note on Wednesday, November 15th. B. Riley set a $130.00 price objective on shares of Children’s Place and gave the company a buy rating in a research note on Wednesday, November 15th. FBR & Co reaffirmed a buy rating and issued a $127.00 price objective on shares of Children’s Place in a research note on Monday, October 2nd. Finally, BMO Capital Markets set a $121.00 price objective on shares of Children’s Place and gave the company a hold rating in a research note on Friday, November 17th. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Children’s Place currently has a consensus rating of Buy and an average price target of $131.67.

Shares of Children’s Place (NASDAQ PLCE) traded up $1.10 during trading hours on Wednesday, hitting $135.00. 328,300 shares of the company’s stock were exchanged, compared to its average volume of 530,275. The firm has a market cap of $2,329.26, a price-to-earnings ratio of 18.42, a P/E/G ratio of 1.97 and a beta of 0.33. Children’s Place has a 52 week low of $92.95 and a 52 week high of $139.95.

Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Children’s 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 analyst estimates of $480.28 million. During the same quarter in the previous year, the business earned $2.29 EPS. Children’s Place’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts expect that Children’s Place will post 7.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $1.60 annualized dividend and a yield of 1.19%. Children’s Place’s dividend payout ratio (DPR) is presently 22.66%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its holdings in Children’s Place by 80.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after acquiring an additional 565 shares during the period. Cubist Systematic Strategies LLC bought a new position in Children’s Place in the 3rd quarter worth $171,000. Flinton Capital Management LLC raised its holdings in Children’s Place by 70.0% in the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after acquiring an additional 784 shares during the period. Shelton Capital Management bought a new position in Children’s Place in the 3rd quarter worth $206,000. Finally, Advisor Group Inc. raised its holdings in Children’s Place by 169.9% in the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after acquiring an additional 1,113 shares during the period.

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About Children’s Place

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.

Analyst Recommendations for Children`s Place (NASDAQ:PLCE)

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