Shares of Childrens Place Inc (NASDAQ:PLCE) hit a new 52-week high on Monday . The company traded as high as $140.25 and last traded at $135.35, with a volume of 581400 shares traded. The stock had previously closed at $133.30.

A number of research firms recently issued reports on PLCE. BidaskClub upgraded shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. BMO Capital Markets set a $121.00 price objective on shares of Childrens Place and gave the stock a “hold” rating in a research report on Friday, November 17th. Buckingham Research increased their price objective on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Telsey Advisory Group increased their price objective on shares of Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, November 16th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $131.67.

The firm has a market capitalization of $2,445.81, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.33.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.17%. Childrens Place’s payout ratio is 22.66%.

Several hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its position in shares of Childrens Place by 0.3% in the second quarter. Alps Advisors Inc. now owns 4,086 shares of the company’s stock valued at $417,000 after acquiring an additional 11 shares during the period. Renaissance Group LLC boosted its position in shares of Childrens Place by 0.4% in the second quarter. Renaissance Group LLC now owns 3,302 shares of the company’s stock valued at $337,000 after acquiring an additional 12 shares during the period. Hanseatic Management Services Inc. boosted its position in shares of Childrens Place by 0.7% in the second quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock valued at $213,000 after acquiring an additional 14 shares during the period. Zacks Investment Management boosted its position in shares of Childrens Place by 2.0% in the second quarter. Zacks Investment Management now owns 2,429 shares of the company’s stock valued at $248,000 after acquiring an additional 48 shares during the period. Finally, Navellier & Associates Inc lifted its position in Childrens Place by 1.9% during the second 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.

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About Childrens Place

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.

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