Childrens Place (PLCE) Reaches New 52-Week High at $146.46
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.
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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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