Childrens Place Inc (PLCE) to Issue $0.50 Quarterly Dividend

Childrens Place Inc (NASDAQ:PLCE) declared a quarterly dividend on Thursday, December 6th, RTT News reports. Stockholders of record on Monday, December 17th will be given a dividend of 0.50 per share on Friday, December 28th. This represents a $2.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Friday, December 14th.

Childrens Place has raised its dividend payment by an average of 52.1% per year over the last three years and has raised its dividend every year for the last 3 years. Childrens Place has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Childrens Place to earn $9.58 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 20.9%.

PLCE opened at $106.67 on Friday. Childrens Place has a twelve month low of $99.54 and a twelve month high of $161.65. The company has a market cap of $2.02 billion, a PE ratio of 13.49, a P/E/G ratio of 1.85 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings data on Thursday, December 6th. The company reported $3.07 earnings per share for the quarter, meeting the consensus estimate of $3.07. The firm had revenue of $522.50 million during the quarter, compared to analysts’ expectations of $511.19 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.58 earnings per share. As a group, analysts anticipate that Childrens Place will post 8.34 EPS for the current fiscal year.

Several brokerages recently issued reports on PLCE. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. BidaskClub lowered shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. Citigroup boosted their target price on shares of Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a research report on Friday, August 24th. B. Riley restated a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. Finally, Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Friday, August 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $149.27.

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Childrens Place Company Profile

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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Dividend History for Childrens Place (NASDAQ:PLCE)

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