Equities analysts forecast that Children’s Place, Inc. (The) (NASDAQ:PLCE) will announce $479.30 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Children’s Place, Inc. (The)’s earnings, with the lowest sales estimate coming in at $472.70 million and the highest estimate coming in at $485.90 million. Children’s Place, Inc. (The) posted sales of $473.78 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The company is scheduled to report its next quarterly earnings results on Thursday, November 16th.

According to Zacks, analysts expect that Children’s Place, Inc. (The) will report full-year sales of $479.30 million for the current financial year, with estimates ranging from $1.83 billion to $1.84 billion. For the next fiscal year, analysts expect that the company will report sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.88 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Children’s Place, Inc. (The).

Children’s Place, Inc. (The) (NASDAQ:PLCE) last announced its earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.11. The company had revenue of $373.60 million during the quarter, compared to the consensus estimate of $376.53 million. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share.

A number of research analysts have weighed in on PLCE shares. ValuEngine raised shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. Bank of America Corporation set a $140.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research report on Tuesday, June 13th. BidaskClub raised shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. BMO Capital Markets set a $112.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, August 8th. Finally, Telsey Advisory Group raised shares of Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a research report on Monday, June 26th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $125.00.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) opened at 111.90 on Friday. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The stock’s 50 day moving average price is $107.31 and its 200 day moving average price is $109.11. The firm has a market capitalization of $1.97 billion, a P/E ratio of 16.00 and a beta of 0.31.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.43%. Children’s Place, Inc. (The)’s payout ratio is 22.92%.

Several large investors have recently bought and sold shares of PLCE. BlackRock Inc. increased its holdings in shares of Children’s Place, Inc. (The) by 19,592.4% during the 1st quarter. BlackRock Inc. now owns 2,432,404 shares of the company’s stock worth $292,011,000 after purchasing an additional 2,420,052 shares during the period. FMR LLC increased its holdings in shares of Children’s Place, Inc. (The) by 7,303.5% during the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock worth $75,674,000 after purchasing an additional 731,158 shares during the period. LSV Asset Management increased its holdings in shares of Children’s Place, Inc. (The) by 49.9% during the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock worth $70,925,000 after purchasing an additional 231,111 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Children’s Place, Inc. (The) by 41.6% during the 1st quarter. Renaissance Technologies LLC now owns 720,060 shares of the company’s stock worth $86,443,000 after purchasing an additional 211,700 shares during the period. Finally, Systematic Financial Management LP increased its holdings in shares of Children’s Place, Inc. (The) by 179.0% during the 2nd quarter. Systematic Financial Management LP now owns 295,581 shares of the company’s stock worth $30,179,000 after purchasing an additional 189,623 shares during the period.

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Children’s Place, Inc. (The) Company Profile

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

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Earnings History and Estimates for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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