Children's Place Retail Stores Stock Rating Reaffirmed by Maxim Group (PLCE)
In other Children's Place Retail Stores news, CEO Jane T. Elfers sold 123,212 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $47.39, for a total transaction of $5,839,016.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Children's Place Retail Stores (NASDAQ:PLCE) opened at 50.01 on Wednesday. Children's Place Retail Stores has a 1-year low of $44.54 and a 1-year high of $58.89. The stock’s 50-day moving average is $47.8 and its 200-day moving average is $51.55. The company has a market cap of $1.092 billion and a price-to-earnings ratio of 23.80.
Children's Place Retail Stores (NASDAQ:PLCE) last released its earnings data on Thursday, May 22nd. The company reported $0.61 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.83 earnings per share. Children's Place Retail Stores’s revenue was down 3.1% compared to the same quarter last year. Analysts expect that Children's Place Retail Stores will post $3.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, June 25th.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital initiated coverage on shares of Children's Place Retail Stores in a research note on Thursday, June 12th. They set a “fair value” rating and a $52.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Children's Place Retail Stores in a research note on Tuesday, June 10th. They now have a $59.00 price target on the stock, up previously from $56.00. Finally, analysts at Buckingham Research upgraded shares of Children's Place Retail Stores from a “neutral” rating to a “buy” rating in a research note on Friday, May 23rd. They now have a $55.00 price target on the stock, up previously from $52.00. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Children's Place Retail Stores has an average rating of “Buy” and a consensus price target of $54.37.
The Children’s Place Retail Stores, Inc operates as a specialty retailer of apparel and accessories for children.
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