Childrens Place (PLCE) Releases Quarterly Earnings Results
Childrens Place (NASDAQ:PLCE) posted its quarterly earnings results on Thursday. The company reported ($0.37) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.45) by $0.08, AnalystRatings.NET reports. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $378.63 million.
Childrens Place (NASDAQ:PLCE) opened at 50.45 on Thursday. Childrens Place has a 1-year low of $44.54 and a 1-year high of $58.89. The stock’s 50-day moving average is $49.5 and its 200-day moving average is $49.86. The company has a market cap of $1.102 billion and a price-to-earnings ratio of 23.94.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 17th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1325 per share. This represents a $0.53 dividend on an annualized basis and a yield of 1.05%.
A number of research firms have recently commented on PLCE. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Childrens Place in a research note on Monday. They now have a $52.00 price target on the stock, down previously from $54.00. On a related note, analysts at Maxim Group reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, June 18th. Finally, analysts at CRT Capital initiated coverage on shares of Childrens Place in a research note on Thursday, June 12th. They set a “fair value” rating and a $52.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $54.64.
Childrens Place Inc(NASDAQ:PLCE), formerly The Children’s Place Retail Stores, Inc, is a pure-play children’s specialty apparel retailer in North America.
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