Childrens Place Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:PLCE)
Childrens Place (NASDAQ:PLCE) has been given an average recommendation of “Buy” by the seventeen brokerages that are currently covering the stock, Analyst Ratings.Net reports. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $55.09.
Childrens Place (NASDAQ:PLCE) opened at 54.23 on Tuesday. Childrens Place has a 1-year low of $44.54 and a 1-year high of $58.89. The stock has a 50-day moving average of $49.77 and a 200-day moving average of $49.92. The company has a market cap of $1.184 billion and a price-to-earnings ratio of 25.99.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data 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. Shareholders 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 0.98%. The ex-dividend date of this dividend is Wednesday, September 24th.
A number of research firms have recently commented on PLCE. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Childrens Place in a research note on Friday. They now have a $61.00 price target on the stock, up previously from $59.00. Separately, 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. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Childrens Place in a research note on Monday, August 18th. They now have a $52.00 price target on the stock, down previously from $54.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.