Childrens Place Inc (NASDAQ:PLCE) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also recently issued reports on PLCE. Wolfe Research lifted their price target on Childrens Place from $120.00 to $144.00 and gave the company an “outperform” rating in a research report on Thursday, March 9th. Oppenheimer Holdings Inc. set a $105.00 price target on Childrens Place and gave the company a “hold” rating in a research report on Wednesday, March 8th. Telsey Advisory Group lifted their price target on Childrens Place from $110.00 to $135.00 and gave the company a “market perform” rating in a research report on Thursday, March 9th. Citigroup Inc reiterated a “neutral” rating and set a $122.00 price target (up from $111.00) on shares of Childrens Place in a research report on Saturday, March 11th. Finally, Mizuho reiterated a “buy” rating and set a $140.00 price target (up from $110.00) on shares of Childrens Place in a research report on Saturday, March 11th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $116.50.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

Shares of Childrens Place (NASDAQ:PLCE) traded down 4.23% during midday trading on Friday, reaching $106.40. The company’s stock had a trading volume of 937,210 shares. The stock has a 50-day moving average price of $114.61 and a 200 day moving average price of $104.84. Childrens Place has a 52 week low of $69.86 and a 52 week high of $125.30. The stock has a market capitalization of $1.87 billion, a PE ratio of 19.70 and a beta of 0.41.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Thursday, May 18th. The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.64 by $0.31. Childrens Place had a return on equity of 18.24% and a net margin of 4.86%. The firm had revenue of $436.70 million for the quarter, compared to analysts’ expectations of $422.51 million. During the same period last year, the firm earned $1.32 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. Equities analysts forecast that Childrens Place will post $6.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.44%. Childrens Place’s dividend payout ratio (DPR) is presently 17.98%.

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In other news, insider Bradley P. Cost sold 7,304 shares of the firm’s stock in a transaction on Friday, March 24th. The stock was sold at an average price of $118.48, for a total value of $865,377.92. Following the completion of the sale, the insider now owns 40,149 shares of the company’s stock, valued at $4,756,853.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.93% of the company’s stock.

Hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of Childrens Place by 0.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,516 shares of the company’s stock valued at $658,000 after buying an additional 19 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Childrens Place by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 2,000 shares of the company’s stock valued at $240,000 after buying an additional 40 shares during the period. Bowling Portfolio Management LLC boosted its stake in shares of Childrens Place by 0.7% in the first quarter. Bowling Portfolio Management LLC now owns 7,773 shares of the company’s stock valued at $933,000 after buying an additional 52 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Childrens Place by 3.3% in the first quarter. Wedge Capital Management L L P NC now owns 3,194 shares of the company’s stock valued at $383,000 after buying an additional 103 shares during the period. Finally, Putnam Investments LLC boosted its stake in shares of Childrens Place by 1.3% in the fourth quarter. Putnam Investments LLC now owns 10,595 shares of the company’s stock valued at $1,069,000 after buying an additional 141 shares during the period.

Childrens Place Company Profile

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

5 Day Chart for NASDAQ:PLCE

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