Children’s Place, Inc. (The) (PLCE) Price Target Increased to $150.00 by Analysts at Morgan Stanley

Children’s Place, Inc. (The) (NASDAQ:PLCE) had its price objective boosted by equities researchers at Morgan Stanley from $140.00 to $150.00 in a research note issued to investors on Monday, May 22nd. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 38.44% from the company’s current price.

Other equities analysts have also issued reports about the company. Buckingham Research started coverage on Children’s Place, Inc. (The) in a research note on Wednesday, February 22nd. They set a “buy” rating and a $120.00 price target for the company. Bank of America Corporation raised Children’s Place, Inc. (The) from an “underperform” rating to a “buy” rating in a research note on Tuesday, January 31st. FBR & Co set a $127.00 price target on Children’s Place, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, May 18th. Mizuho reissued a “buy” rating and set a $140.00 price objective (up from $110.00) on shares of Children’s Place, Inc. (The) in a research note on Saturday, March 11th. Finally, ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $122.77.

Analyst Recommendations for Children`s Place, Inc. (The) (NASDAQ:PLCE)

Children’s Place, Inc. (NASDAQ:PLCE) traded up 0.56% during mid-day trading on Monday, reaching $108.35. The company’s stock had a trading volume of 638,314 shares. The firm’s 50 day moving average price is $111.30 and its 200 day moving average price is $107.77. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The firm has a market capitalization of $1.91 billion, a P/E ratio of 17.96 and a beta of 0.36.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its quarterly earnings results on Thursday, May 18th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.31. The firm had revenue of $436.70 million during the quarter, compared to analyst estimates of $422.51 million. Children’s Place, Inc. (The) had a return on equity of 23.00% and a net margin of 6.25%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. On average, analysts anticipate that Children’s Place, Inc. will post $7.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 10th. Stockholders of record on Monday, June 19th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. Children’s Place, Inc. (The)’s dividend payout ratio (DPR) is presently 26.32%.

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In related news, insider Bradley P. Cost sold 7,304 shares of the stock in a transaction on Friday, March 24th. The stock was sold at an average price of $118.48, for a total transaction of $865,377.92. Following the completion of the sale, the insider now directly owns 40,149 shares in the company, valued at $4,756,853.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Kevin Low sold 14,517 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $109.04, for a total value of $1,582,933.68. Following the sale, the senior vice president now owns 33,565 shares of the company’s stock, valued at $3,659,927.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,052 shares of company stock valued at $6,472,238. 2.60% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Children’s Place, Inc. (The) by 121.2% in the third quarter. BlackRock Inc. now owns 8,535 shares of the company’s stock valued at $681,000 after buying an additional 4,676 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Children’s Place, Inc. (The) by 0.4% in the third quarter. TIAA CREF Investment Management LLC now owns 94,368 shares of the company’s stock valued at $7,537,000 after buying an additional 350 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Children’s Place, Inc. (The) by 5.7% in the third quarter. Rhumbline Advisers now owns 29,002 shares of the company’s stock valued at $2,316,000 after buying an additional 1,564 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Children’s Place, Inc. (The) by 1.6% in the third quarter. BlackRock Group LTD now owns 41,704 shares of the company’s stock valued at $3,331,000 after buying an additional 676 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in Children’s Place, Inc. (The) by 1.0% in the third quarter. California State Teachers Retirement System now owns 39,679 shares of the company’s stock valued at $3,169,000 after buying an additional 400 shares during the period.

Children’s Place, Inc. (The) Company Profile

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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