ValuEngine cut shares of Children’s Place, Inc. (The) (NASDAQ:PLCE) from a buy rating to a hold rating in a research report released on Wednesday morning.

PLCE has been the subject of several other reports. BidaskClub raised shares of Children’s Place, Inc. (The) from a hold rating to a buy rating in a research note on Thursday, August 3rd. BMO Capital Markets set a $112.00 price objective on shares of Children’s Place, Inc. (The) and gave the company a hold rating in a research note on Sunday, September 10th. B. Riley reissued a buy rating on shares of Children’s Place, Inc. (The) in a research note on Wednesday, November 1st. Buckingham Research boosted their price objective on shares of Children’s Place, Inc. (The) from $139.00 to $144.00 and gave the company a buy rating in a research note on Thursday, November 16th. Finally, Telsey Advisory Group boosted their price objective on shares of Children’s Place, Inc. (The) from $135.00 to $140.00 and gave the company an outperform rating in a research note on Thursday, November 16th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of Buy and an average price target of $131.67.

Children’s Place, Inc. (PLCE) opened at $125.00 on Wednesday. Children’s Place, Inc. has a 12-month low of $92.95 and a 12-month high of $130.95. The stock has a market capitalization of $2,197.06, a P/E ratio of 17.37, a P/E/G ratio of 1.86 and a beta of 0.27.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Children’s Place, Inc. (The) had a return on equity of 26.58% and a net margin of 7.07%. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. During the same period in the previous year, the firm posted $2.29 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts forecast that Children’s Place, Inc. will post 7.54 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. Children’s Place, Inc. (The)’s dividend payout ratio is currently 22.66%.

A number of hedge funds have recently modified their holdings of PLCE. State of Alaska Department of Revenue lifted its holdings in Children’s Place, Inc. (The) by 74.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,488 shares of the company’s stock worth $356,000 after buying an additional 1,488 shares in the last quarter. Aperio Group LLC raised its stake in shares of Children’s Place, Inc. (The) by 10.9% in the 2nd quarter. Aperio Group LLC now owns 8,791 shares of the company’s stock valued at $898,000 after purchasing an additional 867 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Children’s Place, Inc. (The) by 7.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 226,718 shares of the company’s stock valued at $23,149,000 after purchasing an additional 15,705 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Children’s Place, Inc. (The) by 9.3% in the 2nd quarter. Acadian Asset Management LLC now owns 542,845 shares of the company’s stock valued at $55,424,000 after purchasing an additional 46,328 shares in the last quarter. Finally, Bowling Portfolio Management LLC raised its stake in shares of Children’s Place, Inc. (The) by 61.9% in the 2nd quarter. Bowling Portfolio Management LLC now owns 12,586 shares of the company’s stock valued at $1,285,000 after purchasing an additional 4,813 shares in the last quarter.

Children’s Place, Inc. (The) 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.

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

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