Brokerages expect Children’s Place, Inc. (The) (NASDAQ:PLCE) to report $476.90 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Children’s Place, Inc. (The)’s earnings, with estimates ranging from $472.70 million to $481.10 million. Children’s Place, Inc. (The) posted 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 business is expected to announce its next earnings results on Thursday, November 16th.

According to Zacks, analysts expect that Children’s Place, Inc. (The) will report full year sales of $476.90 million for the current fiscal year, with estimates ranging from $1.82 billion to $1.84 billion. For the next year, analysts forecast that the firm will report sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.88 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Children’s Place, Inc. (The).

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

A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. BMO Capital Markets set a $112.00 price objective on shares of Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research note on Sunday, September 10th. Telsey Advisory Group upgraded shares of Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Monday, June 26th. Finally, FBR & Co reiterated a “buy” rating and set a $127.00 price objective on shares of Children’s Place, Inc. (The) in a research note on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $128.36.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Profund Advisors LLC boosted its position in Children’s Place, Inc. (The) by 18.0% during the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock worth $311,000 after buying an additional 465 shares during the period. Airain ltd acquired a new stake in Children’s Place, Inc. (The) during the 2nd quarter worth approximately $1,032,000. Old Mutual Global Investors UK Ltd. boosted its position in Children’s Place, Inc. (The) by 42.3% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 373,527 shares of the company’s stock worth $38,137,000 after buying an additional 110,995 shares during the period. Public Employees Retirement System of Ohio boosted its position in Children’s Place, Inc. (The) by 25.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 42,877 shares of the company’s stock worth $5,147,000 after buying an additional 8,635 shares during the period. Finally, Driehaus Capital Management LLC acquired a new stake in Children’s Place, Inc. (The) during the 1st quarter worth approximately $871,000.

Shares of Children’s Place, Inc. (PLCE) opened at 102.30 on Tuesday. The stock’s 50 day moving average is $110.95 and its 200 day moving average is $108.50. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 14.63 and a beta of 0.32. Children’s Place, Inc. has a 12 month low of $70.90 and a 12 month high of $125.30.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 12th were paid a $0.40 dividend. The ex-dividend date was Monday, September 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. Children’s Place, Inc. (The)’s payout ratio is currently 22.92%.

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About Children’s Place, Inc. (The)

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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