Shares of Childrens Place Inc (NASDAQ:PLCE) have received a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $147.71.
Several equities research analysts have commented on the company. BidaskClub lowered Childrens Place from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 8th. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. B. Riley restated a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. Citigroup upped their price objective on Childrens Place from $154.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. Finally, 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.
Childrens Place stock opened at $90.83 on Friday. Childrens Place has a 12 month low of $85.62 and a 12 month high of $161.65. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.45 and a beta of 0.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Monday, December 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date was Friday, December 14th. Childrens Place’s payout ratio is 25.28%.
Several hedge funds have recently made changes to their positions in the company. Marshall Wace LLP raised its stake in shares of Childrens Place by 59.2% during the 3rd quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock worth $54,948,000 after buying an additional 159,830 shares during the period. Legal & General Group Plc raised its stake in shares of Childrens Place by 7.2% during the 3rd quarter. Legal & General Group Plc now owns 39,151 shares of the company’s stock worth $5,035,000 after buying an additional 2,640 shares during the period. Impala Asset Management LLC acquired a new position in shares of Childrens Place during the 3rd quarter worth approximately $16,711,000. B. Riley Financial Inc. raised its stake in shares of Childrens Place by 24.3% during the 3rd quarter. B. Riley Financial Inc. now owns 4,020 shares of the company’s stock worth $514,000 after buying an additional 786 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of Childrens Place by 41.1% during the 3rd quarter. Nordea Investment Management AB now owns 36,024 shares of the company’s stock worth $4,603,000 after buying an additional 10,496 shares during the period.
About Childrens Place
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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