Shares of Childrens Place Inc (NASDAQ:PLCE) reached a new 52-week high during trading on Tuesday . The company traded as high as $146.46 and last traded at $141.95, with a volume of 413100 shares changing hands. The stock had previously closed at $137.90.

A number of research firms recently commented on PLCE. SunTrust Banks began coverage on Childrens Place in a research note on Thursday, December 21st. They set a “hold” rating and a $150.00 price objective on the stock. BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the company a “hold” rating in a research note on Tuesday, December 19th. BidaskClub raised Childrens Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Finally, Buckingham Research increased their price objective on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $133.77.

The stock has a market capitalization of $2,469.30, a P/E ratio of 20.11, a PEG ratio of 2.09 and a beta of 0.33.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. During the same period last year, the company earned $2.29 EPS. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. equities research analysts predict that Childrens Place Inc will post 7.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Tuesday, December 12th. Childrens Place’s payout ratio is 22.66%.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its holdings in shares of Childrens Place by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,086 shares of the company’s stock worth $417,000 after purchasing an additional 11 shares during the period. Renaissance Group LLC raised its holdings in shares of Childrens Place by 0.4% in the 2nd quarter. Renaissance Group LLC now owns 3,302 shares of the company’s stock worth $337,000 after purchasing an additional 12 shares during the period. Hanseatic Management Services Inc. raised its holdings in shares of Childrens Place by 0.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock worth $213,000 after purchasing an additional 14 shares during the period. Zacks Investment Management raised its holdings in shares of Childrens Place by 2.0% in the 2nd quarter. Zacks Investment Management now owns 2,429 shares of the company’s stock worth $248,000 after purchasing an additional 48 shares during the period. Finally, Navellier & Associates Inc raised its holdings in shares of Childrens Place by 1.9% in the 2nd quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock worth $347,000 after purchasing an additional 65 shares during the period.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://theolympiareport.com/2017/12/26/childrens-place-plce-reaches-new-52-week-high-at-146-46-2.html.

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.

Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.