Childrens Place (PLCE) Stock Price Down 6.9%

Childrens Place Inc (NASDAQ:PLCE)’s share price dropped 6.9% during trading on Wednesday . The company traded as low as $100.50 and last traded at $104.37. Approximately 2,809,977 shares changed hands during mid-day trading, an increase of 278% from the average daily volume of 744,063 shares. The stock had previously closed at $112.11.

PLCE has been the topic of a number of analyst reports. BidaskClub cut shares of Childrens Place from a “sell” rating to a “strong sell” rating in a research report on Saturday, February 9th. B. Riley decreased their target price on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. Bank of America reiterated a “neutral” rating and issued a $115.00 target price (up previously from $105.00) on shares of Childrens Place in a research report on Wednesday, May 1st. Telsey Advisory Group reiterated an “outperform” rating and issued a $100.00 target price (down previously from $120.00) on shares of Childrens Place in a research report on Tuesday, March 5th. Finally, ValuEngine upgraded shares of Childrens Place from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $123.67.

The stock has a market capitalization of $1.71 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69.



Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.89. The company had revenue of $412.40 million for the quarter, compared to analysts’ expectations of $399.40 million. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 EPS. Equities research analysts forecast that Childrens Place Inc will post 5.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, April 12th. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio (DPR) is 33.19%.

In other Childrens Place news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total value of $25,149.33. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.10% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in Childrens Place by 27.9% in the 4th quarter. FMR LLC now owns 1,278,870 shares of the company’s stock worth $115,212,000 after acquiring an additional 278,872 shares during the last quarter. Wellington Management Group LLP grew its holdings in Childrens Place by 15.8% in the 1st quarter. Wellington Management Group LLP now owns 815,664 shares of the company’s stock worth $79,348,000 after acquiring an additional 111,120 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after purchasing an additional 6,015 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Childrens Place during the 1st quarter valued at about $71,212,000. Finally, Royce & Associates LP boosted its stake in shares of Childrens Place by 24.9% during the 1st quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock valued at $60,810,000 after purchasing an additional 124,540 shares in the last quarter.

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About Childrens Place (NASDAQ:PLCE)

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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