News coverage about The Children’s Place (NASDAQ:PLCE) has trended positive on Tuesday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. The Children’s Place earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.1830951552731 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- The Children’s Place (PLCE) Rating Lowered to Hold at ValuEngine (americanbankingnews.com)
- The Children’s Place (PLCE) Stock Rating Reaffirmed by B. Riley (americanbankingnews.com)
- $442.93 Million in Sales Expected for The Children’s Place (PLCE) This Quarter (americanbankingnews.com)
- Why Does a Woman’s Razor Cost $1.08 When a Man’s Razor Only Costs 75 Cents? (finance.yahoo.com)
- Market Trends Toward New Normal in Children’s Place, Atlantic Coast Financial, Data I/O, Universal Forest Products, Exponent, and Tootsie Roll Industries — Emerging Consolidated Expectations, Analyst Ratings (finance.yahoo.com)
A number of brokerages have recently weighed in on PLCE. ValuEngine upgraded The Children’s Place from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Telsey Advisory Group lowered their target price on The Children’s Place from $190.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 21st. SunTrust Banks set a $132.00 target price on The Children’s Place and gave the company a “hold” rating in a research report on Wednesday, March 21st. Chardan Capital restated a “buy” rating and issued a $156.00 target price (up from $130.00) on shares of The Children’s Place in a research report on Wednesday, January 10th. Finally, Cowen initiated coverage on The Children’s Place in a research report on Thursday, March 1st. They issued an “outperform” rating and a $160.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $144.91.
The Children’s Place (NASDAQ:PLCE) last issued its quarterly earnings results on Tuesday, March 20th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $0.03. The Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The company had revenue of $570.00 million for the quarter, compared to analysts’ expectations of $574.09 million. During the same period last year, the firm earned $1.88 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. equities analysts predict that The Children’s Place will post 8.28 EPS for the current fiscal year.
The Children’s Place declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 20th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, April 13th. This is a boost from The Children’s Place’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.50%. The Children’s Place’s dividend payout ratio (DPR) is 20.23%.
About The Children’s Place
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, 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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