Childrens Place (PLCE) Lowered to “Sell” at BidaskClub

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BidaskClub lowered shares of Childrens Place (NASDAQ:PLCE) from a hold rating to a sell rating in a research report sent to investors on Friday.

Several other analysts also recently issued reports on PLCE. Monness Crespi & Hardt upgraded Childrens Place from a neutral rating to a buy rating and set a $165.00 price target for the company in a research note on Friday, August 24th. They noted that the move was a valuation call. Citigroup boosted their price target on Childrens Place from $145.00 to $154.00 and gave the company a buy rating in a research note on Friday, August 24th. ValuEngine upgraded Childrens Place from a hold rating to a buy rating in a research note on Wednesday, August 29th. Bank of America upgraded Childrens Place from an underperform rating to a neutral rating in a research note on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, B. Riley restated a buy rating on shares of Childrens Place in a research note on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Childrens Place presently has an average rating of Buy and an average target price of $145.64.

Shares of NASDAQ PLCE traded down $4.39 during midday trading on Friday, hitting $102.28. 1,438,797 shares of the company’s stock were exchanged, compared to its average volume of 608,730. Childrens Place has a 12 month low of $99.54 and a 12 month high of $161.65. The company has a market capitalization of $1.75 billion, a P/E ratio of 12.93, a P/E/G ratio of 1.72 and a beta of 0.17.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Thursday, December 6th. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.07. The business had revenue of $522.50 million during the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a return on equity of 37.97% and a net margin of 4.00%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 EPS. On average, equities analysts predict that Childrens Place will post 7.74 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. Childrens Place’s payout ratio is 25.28%.

Large investors have recently added to or reduced their stakes in the company. Congress Asset Management Co. MA raised its holdings in shares of Childrens Place by 5.6% during the 3rd quarter. Congress Asset Management Co. MA now owns 41,994 shares of the company’s stock worth $5,367,000 after buying an additional 2,242 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Childrens Place by 9.6% during the 2nd quarter. Wells Fargo & Company MN now owns 201,044 shares of the company’s stock worth $24,287,000 after buying an additional 17,629 shares in the last quarter. Employees Retirement System of Texas raised its holdings in shares of Childrens Place by 92.3% during the 2nd quarter. Employees Retirement System of Texas now owns 50,000 shares of the company’s stock worth $6,040,000 after buying an additional 24,000 shares in the last quarter. Waddell & Reed Financial Inc. raised its holdings in shares of Childrens Place by 102.9% during the 2nd quarter. Waddell & Reed Financial Inc. now owns 254,200 shares of the company’s stock worth $30,707,000 after buying an additional 128,910 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Childrens Place by 20.3% during the 2nd quarter. First Trust Advisors LP now owns 17,767 shares of the company’s stock worth $2,146,000 after buying an additional 2,999 shares in the last quarter.

Childrens Place Company Profile

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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