The Children’s Place (NASDAQ:PLCE) declared a quarterly dividend on Thursday, May 17th, RTT News reports. Shareholders of record on Monday, June 18th will be paid a dividend of 0.50 per share on Friday, June 29th. This represents a $2.00 dividend on an annualized basis and a yield of 1.57%.
Shares of The Children’s Place opened at $127.02 on Friday, Marketbeat.com reports. The Children’s Place has a 12-month low of $136.70 and a 12-month high of $140.55. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.88 and a beta of 0.37.
The Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, May 17th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.21 by ($0.34). The Children’s Place had a net margin of 4.53% and a return on equity of 29.03%. The company had revenue of $436.30 million during the quarter, compared to analyst estimates of $443.78 million. During the same period in the previous year, the firm posted $1.95 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. equities research analysts predict that The Children’s Place will post 8.15 EPS for the current fiscal year.
PLCE has been the subject of a number of analyst reports. BidaskClub downgraded The Children’s Place from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 21st. ValuEngine raised The Children’s Place from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Citigroup raised The Children’s Place from a “neutral” rating to a “buy” rating and boosted their price target for the company from $127.95 to $148.00 in a report on Wednesday, March 21st. B. Riley set a $167.00 price target on The Children’s Place and gave the company a “buy” rating in a report on Tuesday, March 20th. Finally, SunTrust Banks set a $132.00 price target on The Children’s Place and gave the company a “hold” rating in a report on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $145.09.
The Children’s Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in 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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