Childrens Place (PLCE) Upgraded to “Buy” at BidaskClub

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

Other equities analysts have also recently issued reports about the company. ValuEngine upgraded Childrens Place from a hold rating to a buy rating in a report on Wednesday, August 29th. Citigroup increased their price target on Childrens Place from $145.00 to $154.00 and gave the stock a buy rating in a report on Friday, August 24th. 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 report on Friday, August 24th. They noted that the move was a valuation call. Bank of America upgraded Childrens Place from an underperform rating to a neutral rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, Wedbush initiated coverage on Childrens Place in a report on Thursday, July 12th. They set an outperform rating and a $150.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Childrens Place has an average rating of Buy and an average price target of $148.91.

Shares of PLCE traded up $6.39 during midday trading on Friday, reaching $134.25. The company had a trading volume of 600,280 shares, compared to its average volume of 553,100. Childrens Place has a 1-year low of $99.90 and a 1-year high of $161.65. The company has a market capitalization of $2.10 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.96 and a beta of 0.43.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Thursday, August 23rd. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $448.70 million during the quarter, compared to analysts’ expectations of $427.89 million. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. On average, equities analysts expect that Childrens Place will post 8.15 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 17th. Investors of record on Wednesday, September 5th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, September 4th. Childrens Place’s dividend payout ratio (DPR) is 25.28%.

In related news, insider Jane T. Elfers sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the completion of the transaction, the insider now directly owns 141,491 shares in the company, valued at approximately $19,091,380.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.80% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PLCE. Itau Unibanco Holding S.A. purchased a new position in Childrens Place during the 2nd quarter valued at about $110,000. Point72 Hong Kong Ltd purchased a new position in Childrens Place during the 2nd quarter valued at about $138,000. BKS Advisors LLC purchased a new position in Childrens Place during the 2nd quarter valued at about $242,000. Cim Investment Mangement Inc. purchased a new position in shares of Childrens Place in the 2nd quarter valued at about $260,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Childrens Place in the 2nd quarter valued at about $272,000.

About Childrens Place

The Children’s Place, Inc engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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