The Children’s Place (PLCE) Given a $167.00 Price Target by B. Riley Analysts

B. Riley set a $167.00 price objective on The Children’s Place (NASDAQ:PLCE) in a research report sent to investors on Tuesday morning. The firm currently has a buy rating on the stock. B. Riley also issued estimates for The Children’s Place’s Q1 2019 earnings at $2.22 EPS, Q2 2019 earnings at $0.08 EPS, Q3 2019 earnings at $3.14 EPS, Q4 2019 earnings at $2.75 EPS, FY2019 earnings at $8.20 EPS, FY2020 earnings at $9.80 EPS and FY2021 earnings at $12.50 EPS.

Several other equities research analysts also recently issued reports on the company. BidaskClub upgraded The Children’s Place from a buy rating to a strong-buy rating in a report on Wednesday, December 6th. Telsey Advisory Group lifted their price objective on The Children’s Place from $140.00 to $164.00 and gave the stock an outperform rating in a report on Tuesday, January 2nd. ValuEngine downgraded The Children’s Place from a buy rating to a hold rating in a report on Wednesday, November 22nd. SunTrust Banks lifted their price objective on The Children’s Place to $157.00 and gave the stock a hold rating in a report on Tuesday, January 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets set a $130.00 price objective on The Children’s Place and gave the stock a hold rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The Children’s Place has an average rating of Buy and a consensus target price of $144.91.

How to Become a New Pot Stock Millionaire

Shares of The Children’s Place (PLCE) opened at $127.85 on Tuesday. The Children’s Place has a twelve month low of $94.95 and a twelve month high of $161.65. The stock has a market capitalization of $2,273.63, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.78 and a beta of 0.30.

The Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings data on Tuesday, March 20th. The company reported $2.52 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $574.09 million. During the same period in the previous year, the business earned $1.88 EPS. The Children’s Place’s revenue for the quarter was up 9.4% compared to the same quarter last year. analysts forecast that The Children’s Place will post 8.23 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be given a $0.50 dividend. This is a positive change from The Children’s Place’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, April 13th. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. The Children’s Place’s dividend payout ratio (DPR) is presently 34.56%.

The Children’s Place declared that its Board of Directors has approved a stock repurchase program on Tuesday, March 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Several institutional investors and hedge funds have recently modified their holdings of the company. Elkfork Partners LLC acquired a new position in shares of The Children’s Place in the 4th quarter worth approximately $256,000. MetLife Investment Advisors LLC acquired a new position in shares of The Children’s Place in the 4th quarter worth approximately $1,156,000. Gotham Asset Management LLC acquired a new position in shares of The Children’s Place in the 4th quarter worth approximately $281,000. Vident Investment Advisory LLC grew its position in shares of The Children’s Place by 8.8% in the 4th quarter. Vident Investment Advisory LLC now owns 27,743 shares of the company’s stock worth $4,032,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Ellington Management Group LLC acquired a new position in shares of The Children’s Place in the 4th quarter worth approximately $858,000.

TRADEMARK VIOLATION NOTICE: “The Children’s Place (PLCE) Given a $167.00 Price Target by B. Riley Analysts” was originally posted by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/3296005/the-childrens-place-plce-given-a-167-00-price-target-by-b-riley-analysts.html.

The Children’s Place Company Profile

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.

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

Receive News & Ratings for The Children's Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Children's Place and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Metropolitan Life Insurance Co. NY Cuts Position in USANA Health Sciences
Metropolitan Life Insurance Co. NY Cuts Position in USANA Health Sciences
MetLife Investment Advisors LLC Invests $428,000 in Chatham Lodging
MetLife Investment Advisors LLC Invests $428,000 in Chatham Lodging
MetLife Investment Advisors LLC Takes $446,000 Position in Varonis Systems Ltd.
MetLife Investment Advisors LLC Takes $446,000 Position in Varonis Systems Ltd.
MetLife Investment Advisors LLC Acquires New Stake in Standard Motor Products
MetLife Investment Advisors LLC Acquires New Stake in Standard Motor Products
MetLife Investment Advisors LLC Invests $451,000 in Jagged Peak Energy Inc
MetLife Investment Advisors LLC Invests $451,000 in Jagged Peak Energy Inc
MetLife Investment Advisors LLC Invests $438,000 in Southside Bancshares, Inc.  Stock
MetLife Investment Advisors LLC Invests $438,000 in Southside Bancshares, Inc. Stock


© 2006-2018 Ticker Report. Google+.