The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) had its price objective lifted by Wolfe Research from $98.00 to $107.00 in a report issued on Friday. The brokerage presently has an “outperform” rating on the stock. Wolfe Research’s target price would suggest a potential upside of 5.52% from the company’s previous close.

A number of other brokerages have also recently commented on PLCE. Telsey Advisory Group lifted their price objective on shares of The Children’s Place Retail Stores from $93.00 to $100.00 and gave the stock a “market perform” rating in a research note on Friday. Mizuho lifted their price objective on shares of The Children’s Place Retail Stores from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, November 17th. Bank of America Corp. raised shares of The Children’s Place Retail Stores from an “underperform” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Monday, November 14th. Piper Jaffray Cos. cut shares of The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $99.00 to $88.00 in a research note on Wednesday, September 21st. Finally, Morgan Stanley reissued a “buy” rating on shares of The Children’s Place Retail Stores in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $89.07.

Analyst Recommendations for The Children`s Place Retail Stores (NASDAQ:PLCE)

The Children’s Place Retail Stores (NASDAQ:PLCE) opened at 101.40 on Friday. The company’s 50 day moving average is $78.61 and its 200 day moving average is $78.71. The stock has a market cap of $1.86 billion, a PE ratio of 25.14 and a beta of 0.16. The Children’s Place Retail Stores has a 12 month low of $47.96 and a 12 month high of $101.50.

The Children’s Place Retail Stores (NASDAQ:PLCE) last posted its earnings results on Thursday, November 17th. The company reported $2.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.28. The company earned $473.80 million during the quarter, compared to analysts’ expectations of $461.98 million. The Children’s Place Retail Stores had a net margin of 4.86% and a return on equity of 18.24%. The Children’s Place Retail Stores’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company posted $1.93 earnings per share. On average, analysts anticipate that The Children’s Place Retail Stores will post $4.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Saturday, December 17th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 annualized dividend and a dividend yield of 0.79%. The Children’s Place Retail Stores’s dividend payout ratio is currently 17.98%.

In other news, insider Anurup Pruthi sold 601 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $84.01, for a total value of $50,490.01. Following the completion of the sale, the insider now owns 13,925 shares in the company, valued at approximately $1,169,839.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.93% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC acquired a new stake in The Children’s Place Retail Stores during the third quarter valued at approximately $104,000. Quantbot Technologies LP acquired a new stake in The Children’s Place Retail Stores during the third quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in The Children’s Place Retail Stores by 187.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,454 shares of the company’s stock valued at $117,000 after buying an additional 949 shares in the last quarter. Orinda Asset Management LLC acquired a new stake in The Children’s Place Retail Stores during the third quarter valued at approximately $136,000. Finally, BlackRock Inc. raised its stake in The Children’s Place Retail Stores by 62.9% in the first quarter. BlackRock Inc. now owns 1,740 shares of the company’s stock valued at $145,000 after buying an additional 672 shares in the last quarter.

The Children’s Place Retail Stores 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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