Wall Street brokerages expect that Childrens Place Inc (NASDAQ:PLCE) will post sales of $542.23 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Childrens Place’s earnings, with the highest sales estimate coming in at $546.00 million and the lowest estimate coming in at $538.00 million. Childrens 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.

According to Zacks, analysts expect that Childrens Place will report full year sales of $542.23 million for the current year, with estimates ranging from $1.84 billion to $1.85 billion. For the next fiscal year, analysts anticipate that the business 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 calculations are a mean average based on a survey of sell-side research firms that cover Childrens Place.

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

Several brokerages have issued reports on PLCE. Telsey Advisory Group boosted their price objective on shares of Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a research note on Tuesday. SunTrust Banks began coverage on shares of Childrens Place in a research note on Thursday, December 21st. They issued a “hold” rating and a $150.00 price objective on the stock. BMO Capital Markets set a $130.00 price objective on shares of Childrens Place and gave the company a “hold” rating in a research note on Tuesday, December 19th. BidaskClub raised shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Finally, ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Childrens Place presently has an average rating of “Buy” and a consensus target price of $135.62.

Childrens Place (NASDAQ PLCE) opened at $151.60 on Friday. The company has a market cap of $2,592.80, a price-to-earnings ratio of 21.47, a PEG ratio of 2.20 and a beta of 0.31. Childrens Place has a 1-year low of $92.95 and a 1-year high of $152.55.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 12th. This represents a $1.60 annualized dividend and a dividend yield of 1.06%. Childrens Place’s payout ratio is currently 22.66%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Riverhead Capital Management LLC boosted its position in shares of Childrens Place by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Childrens Place during the 3rd quarter worth $171,000. Shelton Capital Management purchased a new stake in shares of Childrens Place during the 3rd quarter worth $206,000. Advisor Group Inc. boosted its position 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 purchasing an additional 1,113 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its position in shares of Childrens Place by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after purchasing an additional 784 shares in the last quarter.

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About Childrens 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 Childrens Place (NASDAQ:PLCE)

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