Children's Place Retail Stores Upgraded by Buckingham Research to “Buy” (PLCE)
Children's Place Retail Stores (NASDAQ:PLCE) was upgraded by investment analysts at Buckingham Research from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 target price on the stock, up from their previous target price of $52.00. Buckingham Research’s target price suggests a potential upside of 15.33% from the stock’s previous close.
Shares of Children's Place Retail Stores (NASDAQ:PLCE) opened at 47.69 on Friday. Children's Place Retail Stores has a one year low of $44.54 and a one year high of $58.89. The stock’s 50-day moving average is $48.21 and its 200-day moving average is $52.28. The company has a market cap of $1.050 billion and a price-to-earnings ratio of 20.56.
Children's Place Retail Stores (NASDAQ:PLCE) last issued its quarterly earnings data on Thursday, May 22nd. The company reported $0.61 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.61. The company had revenue of $410.10 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that Children's Place Retail Stores will post $2.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a dividend yield of 1.11%.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs cut their price target on shares of Children's Place Retail Stores to $36.00 in a research note on Tuesday. Separately, analysts at Zacks upgraded shares of Children's Place Retail Stores from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 7th. They now have a $47.40 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Children's Place Retail Stores in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $54.45.
The Children’s Place Retail Stores, Inc operates as a specialty retailer of apparel and accessories for children.
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