Children’s Place, Inc. (The) (PLCE) Given a $112.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) (NASDAQ:PLCE) in a research report released on Sunday. The firm currently has a hold rating on the stock.

Several other research firms have also recently commented on PLCE. BidaskClub raised shares of Children’s Place, Inc. (The) from a hold rating to a buy rating in a research note on Saturday, July 8th. Telsey Advisory Group raised shares of Children’s Place, Inc. (The) from a market perform rating to an outperform rating and set a $135.00 target price for the company in a research note on Monday, June 26th. FBR & Co reaffirmed an outperform rating and issued a $127.00 target price on shares of Children’s Place, Inc. (The) in a research note on Friday, June 9th. Bank of America Corporation set a $140.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a buy rating in a research note on Tuesday, June 13th. Finally, Morgan Stanley lifted their target price on shares of Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the stock an overweight rating in a research note on Monday, May 22nd. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Children’s Place, Inc. (The) has an average rating of Buy and a consensus target price of $125.00.

Children’s Place, Inc. (NASDAQ PLCE) traded up 1.65% on Friday, reaching $110.85. The company’s stock had a trading volume of 268,957 shares. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The company has a 50 day moving average of $105.99 and a 200 day moving average of $108.78. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 15.85 and a beta of 0.31.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its earnings results on Wednesday, August 9th. The company reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.11. The firm had revenue of $373.60 million during the quarter, compared to analysts’ expectations of $376.53 million. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. Children’s Place, Inc. (The)’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) EPS. On average, analysts forecast that Children’s Place, Inc. will post $7.35 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.46%. Children’s Place, Inc. (The)’s dividend payout ratio (DPR) is presently 22.92%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. boosted its holdings in shares of Children’s Place, Inc. (The) by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 4,086 shares of the company’s stock valued at $417,000 after purchasing an additional 11 shares during the last quarter. Renaissance Group LLC boosted its holdings in shares of Children’s Place, Inc. (The) by 0.4% in the 2nd quarter. Renaissance Group LLC now owns 3,302 shares of the company’s stock valued at $337,000 after purchasing an additional 12 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Children’s Place, Inc. (The) by 0.7% in the 2nd quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock valued at $213,000 after purchasing an additional 14 shares during the last quarter. Zacks Investment Management boosted its holdings in shares of Children’s Place, Inc. (The) by 2.0% in the 2nd quarter. Zacks Investment Management now owns 2,429 shares of the company’s stock valued at $248,000 after purchasing an additional 48 shares during the last quarter. Finally, Navellier & Associates Inc boosted its holdings in shares of Children’s Place, Inc. (The) by 1.9% in the 2nd quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock valued at $347,000 after purchasing an additional 65 shares during the last quarter.

About Children’s Place, Inc. (The)

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.

Analyst Recommendations for Children`s Place, Inc. (The) (NASDAQ:PLCE)




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