Brokerages expect Children’s Place, Inc. (The) (NASDAQ:PLCE) to announce sales of $542.00 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Children’s Place’s earnings. The highest sales estimate is $546.00 million and the lowest is $538.00 million. Children’s Place reported sales of $520.77 million during the same quarter last year, which indicates a positive year over year growth rate of 4.1%. The business is expected to issue its next quarterly earnings results on Wednesday, March 14th.

On average, analysts expect that Children’s Place will report full year sales of $542.00 million for the current year, with estimates ranging from $1.84 billion to $1.85 billion. For the next year, analysts anticipate that the firm will report sales of $1.86 billion per share, with estimates ranging from $1.83 billion to $1.89 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Children’s Place.

Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Children’s Place had a net margin of 7.07% and a return on equity of 26.58%. The company had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. During the same quarter in the prior year, the business posted $2.29 EPS. Children’s Place’s quarterly revenue was up 3.4% on a year-over-year basis.

A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of Children’s Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. BMO Capital Markets set a $121.00 price objective on shares of Children’s Place and gave the company a “hold” rating in a research report on Friday, November 17th. Buckingham Research raised their price objective on shares of Children’s Place from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Telsey Advisory Group raised their price objective on shares of Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, B. Riley set a $130.00 price objective on shares of Children’s Place and gave the company a “buy” rating in a research report on Wednesday, November 15th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $131.67.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Profund Advisors LLC increased its holdings in shares of Children’s Place by 18.0% in the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock valued at $311,000 after purchasing an additional 465 shares during the last quarter. Airain ltd bought a new stake in Children’s Place during the second quarter worth about $1,032,000. Stifel Financial Corp lifted its position in Children’s Place by 42.7% during the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock worth $3,773,000 after purchasing an additional 11,056 shares during the period. Old Mutual Global Investors UK Ltd. lifted its position in Children’s Place by 42.3% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 373,527 shares of the company’s stock worth $38,137,000 after purchasing an additional 110,995 shares during the period. Finally, Legato Capital Management LLC bought a new stake in Children’s Place during the third quarter worth about $680,000.

Shares of Children’s Place (NASDAQ PLCE) opened at $132.90 on Friday. Children’s Place has a 1-year low of $92.95 and a 1-year high of $139.95. The firm has a market cap of $2,357.10, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 2.00 and a beta of 0.27.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Tuesday, December 12th. Children’s Place’s dividend payout ratio is presently 22.66%.

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About Children’s Place

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 (NASDAQ:PLCE)

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