Childrens Place Inc Declares Quarterly Dividend of $0.13 (PLCE)
Childrens Place (NASDAQ:PLCE) announced a quarterly dividend on Thursday, August 21st, StockRatingsNetwork reports. Shareholders of record on Friday, September 26th will be paid a dividend of 0.1325 per share on Friday, October 17th. This represents a $0.53 annualized dividend and a dividend yield of 1.05%.
PLCE has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Childrens Place in a research note on Monday. They now have a $52.00 price target on the stock, down previously from $54.00. On a related note, analysts at Maxim Group reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, June 18th. Finally, analysts at CRT Capital initiated coverage on shares of Childrens Place in a research note on Thursday, June 12th. They set a “fair value” rating and a $52.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $54.64.
Childrens Place (NASDAQ:PLCE) opened at 50.45 on Thursday. Childrens Place has a 52-week low of $44.54 and a 52-week high of $58.89. The stock’s 50-day moving average is $49.5 and its 200-day moving average is $49.86. The company has a market cap of $1.102 billion and a price-to-earnings ratio of 23.94.
Childrens Place (NASDAQ:PLCE) last released its earnings data on Thursday, August 21st. The company reported ($0.37) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.45) by $0.08. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $378.63 million. Analysts expect that Childrens Place will post $3.02 EPS for the current fiscal year.
Childrens Place Inc(NASDAQ:PLCE), formerly The Children’s Place Retail Stores, Inc, is a pure-play children’s specialty apparel retailer in North America.
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