Childrens Place (PLCE) Given New $157.00 Price Target at SunTrust Banks

Childrens Place (NASDAQ:PLCE) had its price objective hoisted by SunTrust Banks to $157.00 in a report released on Tuesday morning. The brokerage currently has a hold rating on the stock. SunTrust Banks also issued estimates for Childrens Place’s FY2018 earnings at $7.88 EPS, Q1 2019 earnings at $2.29 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $2.95 EPS, Q4 2019 earnings at $2.67 EPS and FY2019 earnings at $8.49 EPS. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued reports about the company. Buckingham Research increased their price objective on Childrens Place from $139.00 to $144.00 and gave the company a buy rating in a report on Thursday, November 16th. B. Riley reissued a buy rating on shares of Childrens Place in a report on Wednesday, November 1st. FBR & Co reissued a buy rating and issued a $127.00 price objective on shares of Childrens Place in a report on Monday, October 2nd. ValuEngine raised Childrens Place from a hold rating to a buy rating in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the company a hold rating in a report on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $139.15.

Childrens Place (NASDAQ:PLCE) traded up $2.70 during mid-day trading on Tuesday, hitting $152.45. The stock had a trading volume of 548,794 shares, compared to its average volume of 487,189. The firm has a market capitalization of $2,650.00, a P/E ratio of 21.62, a P/E/G ratio of 2.19 and a beta of 0.31. Childrens Place has a 1-year low of $92.95 and a 1-year high of $153.40.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 earnings per share. equities analysts anticipate that Childrens Place will post 7.54 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Tuesday, December 12th. Childrens Place’s dividend payout ratio is presently 22.70%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverhead Capital Management LLC lifted its holdings in shares of Childrens Place by 80.7% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Childrens Place in the third quarter worth $171,000. Flinton Capital Management LLC raised its position in Childrens Place by 70.0% in the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after acquiring an additional 784 shares in the last quarter. Shelton Capital Management purchased a new position in Childrens Place in the third quarter worth $206,000. Finally, Advisor Group Inc. raised its position in Childrens Place by 169.9% in the third quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after acquiring an additional 1,113 shares in the last quarter.

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About Childrens Place

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.

Analyst Recommendations for Childrens Place (NASDAQ:PLCE)

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