Analysts Anticipate Childrens Place Inc (PLCE) Will Post Earnings of $2.15 Per Share

Analysts expect Childrens Place Inc (NASDAQ:PLCE) to post earnings of $2.15 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Childrens Place’s earnings, with estimates ranging from $2.12 to $2.19. Childrens Place posted earnings per share of $1.88 during the same quarter last year, which indicates a positive year over year growth rate of 14.4%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, March 14th.

According to Zacks, analysts expect that Childrens Place will report full-year earnings of $7.54 per share for the current fiscal year, with EPS estimates ranging from $7.51 to $7.58. For the next fiscal year, analysts forecast that the business will post earnings of $8.15 per share, with EPS estimates ranging from $7.93 to $8.45. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Childrens Place.

Childrens Place (NASDAQ:PLCE) last issued its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.46 by $0.12. The firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS.

A number of research firms recently commented on PLCE. Buckingham Research lifted their price target on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. FBR & Co reissued a “buy” rating and set a $127.00 target price on shares of Childrens Place in a research report on Monday, October 2nd. BidaskClub raised shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. BMO Capital Markets set a $112.00 price objective on shares of Childrens Place and gave the company a “hold” rating in a report on Sunday, September 10th. Finally, B. Riley set a $130.00 price target on shares of Childrens Place and gave the stock a “buy” rating in a report on Wednesday, November 15th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Childrens Place presently has a consensus rating of “Buy” and an average price target of $135.62.

Shares of Childrens Place (PLCE) traded up $4.20 during mid-day trading on Wednesday, reaching $149.55. 615,800 shares of the company traded hands, compared to its average volume of 537,650. Childrens Place has a 52 week low of $92.95 and a 52 week high of $150.20. The stock has a market capitalization of $2,590.00, a PE ratio of 21.21, a P/E/G ratio of 2.14 and a beta of 0.31.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.07%. Childrens Place’s payout ratio is currently 22.70%.

Several institutional investors have recently added to or reduced their stakes in PLCE. Riverhead Capital Management LLC boosted its stake in Childrens Place by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after purchasing an additional 565 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Childrens Place in the third quarter worth approximately $171,000. Flinton Capital Management LLC boosted its holdings in Childrens Place by 70.0% in the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after purchasing an additional 784 shares during the last quarter. Shelton Capital Management purchased a new position in shares of Childrens Place during the 3rd quarter worth $206,000. Finally, Advisor Group Inc. boosted its stake in shares of Childrens Place by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after acquiring an additional 1,113 shares during the last quarter.

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Childrens Place 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 Childrens Place (NASDAQ:PLCE)

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