Childrens Place Given “Buy” Rating at Citigroup Inc. (PLCE)
Childrens Place (NASDAQ:PLCE)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a research report issued on Friday. They currently have a $61.00 price objective on the stock, up from their previous price objective of $59.00. Citigroup Inc.’s price target indicates a potential upside of 12.17% from the stock’s previous close.
Childrens Place (NASDAQ:PLCE) traded down 0.96% during mid-day trading on Friday, hitting $53.86. The stock had a trading volume of 217,316 shares. Childrens Place has a one year low of $44.54 and a one year high of $58.89. The stock has a 50-day moving average of $49.67 and a 200-day moving average of $49.89. The company has a market cap of $1.176 billion and a price-to-earnings ratio of 25.99.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Thursday, August 21st. The company reported ($0.37) earnings per share for the quarter, beating the analysts’ 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. During the same quarter last year, the company posted ($0.42) earnings per share. Childrens Place’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Childrens Place will post $3.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 17th. Investors of record on Friday, September 26th will be paid a dividend of $0.1325 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.97%.
A number of other firms have also recently commented on PLCE. Analysts at Telsey Advisory Group raised their price target on shares of Childrens Place from $55.00 to $58.00 in a research note on Friday. They now have a “not rated” rating on the stock. Separately, 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. Finally, analysts at Maxim Group reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.09.
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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