Childrens Place (NASDAQ:PLCE) Upgraded at BidaskClub
A number of other research analysts have also recently weighed in on PLCE. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a report on Friday, May 17th. Telsey Advisory Group reiterated an outperform rating and issued a $126.00 price target (up previously from $100.00) on shares of Childrens Place in a research note on Monday, May 13th. Deutsche Bank assumed coverage on shares of Carter’s in a research note on Tuesday, April 16th. They issued a hold rating and a $99.00 price target for the company. Bank of America reiterated a buy rating and issued a $105.00 price target (up previously from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Finally, Wedbush set a $130.00 price target on shares of Childrens Place and gave the stock a buy rating in a research note on Friday, June 21st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $124.67.
Shares of PLCE stock opened at $94.37 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.98, a P/E/G ratio of 1.84 and a beta of 0.82. The company has a 50 day simple moving average of $95.71. Childrens Place has a fifty-two week low of $82.05 and a fifty-two week high of $160.23.
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 18th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.24 dividend on an annualized basis and a yield of 2.37%. Childrens Place’s dividend payout ratio is currently 33.19%.
In other news, SVP Claudia Lima-Guinehut sold 932 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $107.00, for a total transaction of $99,724.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert F. Helm sold 227 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total transaction of $25,149.33. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. FMR LLC lifted its position in shares of Childrens Place by 65.4% during the 1st quarter. FMR LLC now owns 2,115,024 shares of the company’s stock worth $205,749,000 after buying an additional 836,154 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock worth $68,708,000 after buying an additional 6,015 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in shares of Childrens Place during the 1st quarter worth approximately $71,212,000. Royce & Associates LP lifted its position in shares of Childrens Place by 24.9% during the 1st quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock worth $60,810,000 after buying an additional 124,540 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its position in shares of Childrens Place by 50.4% during the 1st quarter. Westwood Holdings Group Inc. now owns 469,246 shares of the company’s stock worth $45,648,000 after buying an additional 157,331 shares during the last quarter.
Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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