B. Riley set a $122.00 target price on Childrens Place (NASDAQ:PLCE) in a research report report published on Tuesday morning, TipRanks reports. The brokerage currently has a buy rating on the stock. B. Riley also issued estimates for Childrens Place’s Q3 2020 earnings at $3.51 EPS, Q4 2020 earnings at $2.51 EPS and FY2020 earnings at $5.67 EPS.
A number of other equities research analysts also recently weighed in on PLCE. BidaskClub raised Childrens Place from a strong sell rating to a sell rating in a report on Friday, January 25th. Citigroup downgraded Childrens Place from a buy rating to a neutral rating and reduced their target price for the company from $130.00 to $97.00 in a report on Tuesday, February 26th. Telsey Advisory Group reaffirmed an outperform rating and issued a $100.00 target price (down previously from $120.00) on shares of Childrens Place in a report on Tuesday, March 5th. ValuEngine raised Childrens Place from a strong sell rating to a sell rating in a report on Tuesday, March 5th. Finally, Wedbush cut their price objective on Childrens Place from $165.00 to $130.00 and set an outperform rating on the stock in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $123.67.
Shares of PLCE stock opened at $104.63 on Tuesday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69. Childrens Place has a fifty-two week low of $82.05 and a fifty-two week high of $160.23.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were issued a dividend of $0.56 per share. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, April 12th. This represents a $2.24 annualized dividend and a dividend yield of 2.14%. Childrens Place’s dividend payout ratio (DPR) is 33.19%.
In related news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total transaction of $25,149.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Advisor Group Inc. raised its position in Childrens Place by 68.4% during the 1st quarter. Advisor Group Inc. now owns 682 shares of the company’s stock worth $67,000 after purchasing an additional 277 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Childrens Place by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock worth $86,000 after purchasing an additional 223 shares during the last quarter. Bruderman Asset Management LLC bought a new position in Childrens Place during the 4th quarter worth $92,000. Quantamental Technologies LLC bought a new position in Childrens Place during the 4th quarter worth $92,000. Finally, ClariVest Asset Management LLC bought a new position in Childrens Place during the 4th quarter worth $108,000.
Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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