Childrens Place Price Target Increased to $58.00 by Analysts at Telsey Advisory Group (PLCE)
Equities research analysts at Telsey Advisory Group hoisted their target price on shares of Childrens Place (NASDAQ:PLCE) from $55.00 to $58.00 in a research note issued to investors on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 6.66% from the stock’s previous close.
Shares of Childrens Place (NASDAQ:PLCE) remained flat at $54.38 during during mid-day trading trading on Friday. 45,981 shares of the company’s stock traded hands. Childrens Place has a 1-year low of $44.54 and a 1-year high of $58.89. The stock’s 50-day moving average is $49.67 and its 200-day moving average is $49.89. The company has a market cap of $1.187 billion and a P/E ratio of 25.99.
Childrens Place (NASDAQ:PLCE) last released its earnings data on Thursday, August 21st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted ($0.42) earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts expect that Childrens Place will post $3.04 EPS 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 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. Separately, 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 given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $54.91.
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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