BidaskClub upgraded shares of Childrens Place (NASDAQ:PLCE) from a hold rating to a buy rating in a report released on Friday morning.

A number of other equities research analysts have also commented on PLCE. Bank of America upgraded Childrens Place from an underperform rating to a neutral rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. ValuEngine lowered Childrens Place from a buy rating to a hold rating in a research report on Thursday, September 6th. Citigroup upped their target price on Childrens Place from $145.00 to $154.00 and gave the company a buy rating in a research report on Friday, August 24th. Monness Crespi & Hardt upgraded Childrens Place from a neutral rating to a buy rating and set a $165.00 target price on the stock in a research report on Friday, August 24th. They noted that the move was a valuation call. Finally, Wedbush initiated coverage on Childrens Place in a research report on Thursday, July 12th. They issued an outperform rating and a $150.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $148.91.

Shares of PLCE traded up $6.39 during mid-day trading on Friday, hitting $134.25. 600,280 shares of the company traded hands, compared to its average volume of 553,100. Childrens Place has a 1-year low of $99.90 and a 1-year high of $161.65. The company has a market cap of $2.10 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.96 and a beta of 0.43.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.11. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The firm had revenue of $448.70 million for the quarter, compared to the consensus estimate of $427.89 million. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, research analysts expect that Childrens Place will post 8.15 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Wednesday, September 5th were given a $0.50 dividend. The ex-dividend date was Tuesday, September 4th. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. Childrens Place’s dividend payout ratio is currently 25.28%.

In related news, insider Jane T. Elfers sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $134.93, for a total value of $13,493,000.00. Following the sale, the insider now owns 141,491 shares in the company, valued at $19,091,380.63. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.80% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. purchased a new position in shares of Childrens Place during the 2nd quarter valued at approximately $110,000. Point72 Hong Kong Ltd purchased a new position in shares of Childrens Place during the 2nd quarter valued at approximately $138,000. BKS Advisors LLC purchased a new position in shares of Childrens Place during the 2nd quarter valued at approximately $242,000. Cim Investment Mangement Inc. purchased a new position in shares of Childrens Place during the 2nd quarter valued at approximately $260,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Childrens Place in the 2nd quarter valued at $272,000.

Childrens Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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