Children’s Place Retail Stores Inc. (PLCE) Releases Q4 Earnings Guidance
Children’s Place Retail Stores Inc. (NASDAQ:PLCE) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.90-0.98 for the period, compared to the Thomson Reuters consensus estimate of $0.96, Stock Ratings Network.com reports.
Shares of Children’s Place Retail Stores Inc. (NASDAQ:PLCE) traded up 2.95% on Monday, hitting $57.59. 184,090 shares of the company’s stock traded hands. Children’s Place Retail Stores Inc. has a one year low of $43.01 and a one year high of $58.89. The stock’s 50-day moving average is $54.85 and its 200-day moving average is $54.58. The company has a market cap of $1.283 billion and a price-to-earnings ratio of 22.81.
Children’s Place Retail Stores (NASDAQ:PLCE) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $1.89 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.83 by $0.06. The company had revenue of $492.70 million for the quarter, compared to the consensus estimate of $502.40 million. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. Analysts expect that Children’s Place Retail Stores Inc. will post $3.26 EPS for the current fiscal year.
A number of research firms have recently commented on PLCE. Analysts at FBR Capital Markets upgraded shares of Children’s Place Retail Stores from a market perform rating to an outperform rating in a research note to investors on Wednesday, December 11th. They now have a $62.00 price target on the stock, up previously from $54.00. On a related note, analysts at Maxim Group reiterated a buy rating on shares of Children’s Place Retail Stores in a research note to investors on Wednesday, November 27th. They now have a $62.00 price target on the stock. Finally, analysts at Monness Crespi & Hardt downgraded shares of Children’s Place Retail Stores from a buy rating to a neutral rating in a research note to investors on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $52.80.
The Children’s Place Retail Stores, Inc operates as a specialty retailer of apparel and accessories for children.
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