Equities research analysts expect Children’s Place, Inc. (The) (NASDAQ:PLCE) to report $476.90 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Children’s Place, Inc. (The)’s earnings. The highest sales estimate is $481.10 million and the lowest is $472.70 million. Children’s Place, Inc. (The) reported sales of $473.78 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The company is scheduled to announce its next quarterly earnings results on Thursday, November 16th.

On average, analysts expect that Children’s Place, Inc. (The) will report full-year sales of $476.90 million for the current year, with estimates ranging from $1.82 billion to $1.84 billion. For the next financial year, analysts forecast that the company will post sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.88 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Children’s Place, Inc. (The).

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

PLCE has been the subject of a number of research analyst reports. BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) and gave the company a “hold” rating in a report on Thursday, July 6th. BidaskClub cut Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Telsey Advisory Group raised Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Monday, June 26th. FBR & Co reaffirmed an “outperform” rating and issued a $127.00 price target on shares of Children’s Place, Inc. (The) in a report on Friday, June 9th. Finally, Bank of America Corporation set a $140.00 price target on Children’s Place, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $128.36.

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

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Children’s Place, Inc. (PLCE) opened at 115.95 on Thursday. The firm’s 50-day moving average is $109.49 and its 200 day moving average is $109.56. Children’s Place, Inc. has a 1-year low of $70.90 and a 1-year high of $125.30. The firm has a market cap of $2.05 billion, a PE ratio of 16.58 and a beta of 0.32.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 11th. This represents a $1.60 annualized dividend and a yield of 1.38%. Children’s Place, Inc. (The)’s dividend payout ratio is currently 22.92%.

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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