28 May, 2017
The Children's Place, Inc. has a consensus outperform rating from 10 Wall Street analysts, and the number of shares now sold short amount to at least 24.33% of shares outstanding. Analysts have placed a $129.33 price target on The Children's Place, Inc., suggesting a 16.51% gain from recent close. Oppenheimer Holdings Inc. set a $105.00 price objective on shares of Childrens Place and gave the company a "hold" rating in a report on Wednesday, March 8th. The stock presently has an average rating of "Buy" and a consensus price target of $116.50. Morgan Stanley boosted their price objective on shares of Childrens Place from $113.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, March 23rd. Finally, Wolfe Research raised their price objective on shares of Childrens Place from $120.00 to $144.00 and gave the company an "outperform" rating in a research note on Thursday, March 9th. For now, The Children's Place, Inc.is the toast of Wall Street as its ABR stands at 2.10 with 4 out of 10 analysts rating the stock a buy. The company now has a consensus rating of "Buy" and an average price target of $116.71.
Childrens Place (NASDAQ:PLCE) traded down 4.77% on Tuesday, hitting $105.80.
Newmont Mining Corporation (NYSE:NEM)'s shares on Thursday traded in the range of 33.25 - 34.12 and ended up on $33.31. (NASDAQ:PLCE) distance from 50-day simple moving average (SMA50) is -3.84%. Childrens Place has a 52 week low of $69.86 and a 52 week high of $125.30. The company has a market capitalization of $1.86 billion, a P/E ratio of 17.54 and a beta of 0.41.
Childrens Place Inc (NASDAQ:PLCE) released its quarterly earnings data on Thursday. The difference between actual earnings and estimated earnings was $0.29 per share. The firm had revenue of $436.70 million during the quarter, compared to analysts' expectations of $422.51 million. The company reported revenue of $378.07 Million in the same period past year. During the same period past year, the company earned $1.32 earnings per share. Analysts forecast that Childrens Place Inc will post $6.85 EPS for the current fiscal year. FBR & Co reiterated a "buy" rating on shares of Childrens Place in a report on Tuesday, April 18th. If you are reading this story on another publication, it was copied illegally and reposted in violation of USA and global copyright legislation. The original version of this story can be viewed at https://www.thestockobserver.com/2017/05/19/childrens-place-inc-plce-raised-to-buy-at-valuengine.html.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Company's Board of Directors based on a number of factors, including business and market conditions, the Company's future financial performance and other investment priorities.
In other Childrens Place news, insider Bradley P. Cost sold 7,304 shares of the firm's stock in a transaction on Friday, March 24th. A total of 2.59 million shares exchanged at hands and its average trading volume is standing at 0.56 million shares. The company's stock has a normal trading capacity of 557.47K shares while the relative volume is 4.64.
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. And it remains to be seen which target price PLCE can achieve without sacrificing much as the company is holding a 54.95% gain for the past twelve months. Childrens Place updated its Q2 guidance to $0.70-0.75 EPS. Panagora Asset Management Inc. now owns 232,825 shares of the company's stock worth $18,596,000 after buying an additional 9,608 shares during the last quarter. BlackRock Inc. raised its position in Childrens Place by 19,592.4% in the first quarter. Norges Bank purchased a new position in Childrens Place during the fourth quarter worth $26,916,000. BlackRock Inc. now owns 2,432,404 shares of the company's stock worth $292,011,000 after buying an additional 2,420,052 shares during the last quarter. Polianta Ltd acquired a new stake in shares of Childrens Place during the fourth quarter worth $1,080,000. Acadian Asset Management LLC now owns 496,517 shares of the company's stock valued at $59,608,000 after buying an additional 147,100 shares during the period. Over the past 2 quarters, the stock is up 26.95%, compared with a gain of almost 11.90% for 3 months and about 1.79% for the past 30 days.
Valuation Ratios of Children's Place, Inc. The Firm sells apparel, accessories, footwear and other items for children.
Children's Place, Inc. (The) (PLCE) now has P/E (Price to Earnings) ratio of 20.52 while the company's industry has 107.95 P/E and the sector P/E is 22.63.
