The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) was upgraded by analysts at Bank of America Corp. from an “underperform” rating to a “buy” rating in a research note issued on Wednesday. The firm presently has a $92.00 price objective on the stock. Bank of America Corp.’s target price points to a potential downside of 11.96% from the company’s current price.

Other research analysts have also issued research reports about the company. Mizuho raised their target price on The Children’s Place Retail Stores from $95.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, November 17th. Morgan Stanley restated a “buy” rating on shares of The Children’s Place Retail Stores in a report on Monday, August 22nd. BMO Capital Markets restated a “hold” rating on shares of The Children’s Place Retail Stores in a report on Saturday, November 19th. Telsey Advisory Group raised their target price on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the company a “market perform” rating in a report on Thursday, August 18th. Finally, Piper Jaffray Cos. lowered The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $99.00 to $88.00 in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.07.

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

Shares of The Children’s Place Retail Stores (NASDAQ:PLCE) opened at 104.50 on Wednesday. The stock’s 50 day moving average price is $81.77 and its 200-day moving average price is $79.77. The company has a market cap of $1.88 billion, a PE ratio of 23.68 and a beta of 0.16. The Children’s Place Retail Stores has a 52 week low of $48.10 and a 52 week high of $106.55.

The Children’s Place Retail Stores (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, November 17th. The company reported $2.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.28. The Children’s Place Retail Stores had a return on equity of 18.24% and a net margin of 4.86%. The firm earned $473.80 million during the quarter, compared to analysts’ expectations of $461.98 million. During the same quarter last year, the firm posted $1.93 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts expect that The Children’s Place Retail Stores will post $5.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Saturday, December 17th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, December 14th. The Children’s Place Retail Stores’s dividend payout ratio (DPR) is presently 17.98%.

COPYRIGHT VIOLATION WARNING: This piece of content was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/30/the-childrens-place-retail-stores-inc-plce-stock-rating-upgraded-by-bank-of-america-corp.html.

In other news, Chairman Norman S. Matthews sold 40,995 shares of The Children’s Place Retail Stores stock in a transaction on Monday, November 21st. The stock was sold at an average price of $100.00, for a total value of $4,099,500.00. Following the completion of the transaction, the chairman now directly owns 49,706 shares in the company, valued at $4,970,600. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Anurup Pruthi sold 601 shares of The Children’s Place Retail Stores stock in a transaction on 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 transaction, the insider now owns 13,925 shares of the company’s stock, valued at $1,169,839.25. The disclosure for this sale can be found here. 1.93% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan boosted its position in The Children’s Place Retail Stores by 0.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the company’s stock valued at $500,000 after buying an additional 50 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Children’s Place Retail Stores by 5.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,528 shares of the company’s stock valued at $122,000 after buying an additional 74 shares during the last quarter. Chicago Equity Partners LLC boosted its position in The Children’s Place Retail Stores by 1.0% in the second quarter. Chicago Equity Partners LLC now owns 13,975 shares of the company’s stock valued at $1,121,000 after buying an additional 145 shares during the last quarter. Suntrust Banks Inc. boosted its position in The Children’s Place Retail Stores by 5.6% in the second quarter. Suntrust Banks Inc. now owns 3,368 shares of the company’s stock valued at $270,000 after buying an additional 179 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in The Children’s Place Retail Stores by 0.9% in the third quarter. Great West Life Assurance Co. Can now owns 24,928 shares of the company’s stock valued at $1,990,000 after buying an additional 219 shares during the last quarter.

About The Children’s Place Retail Stores

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

Receive News & Stock Ratings for The Children's Place Retail Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Children's Place Retail Stores Inc. and related stocks with our FREE daily email newsletter.