The Children’s Place (PLCE) to Issue $0.50 Quarterly Dividend

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.

The Children’s Place declared that its Board of Directors has initiated a share buyback plan on Tuesday, March 20th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.

Dividend History for The Children`s Place (NASDAQ:PLCE)

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