Childrens Place Inc (PLCE) Expected to Post Quarterly Sales of $570.37 Million

Equities analysts predict that Childrens Place Inc (NASDAQ:PLCE) will post sales of $570.37 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Childrens Place’s earnings. The highest sales estimate is $576.50 million and the lowest is $562.00 million. Childrens Place posted sales of $520.77 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.5%. The firm is scheduled to announce its next earnings results on Wednesday, March 14th.

According to Zacks, analysts expect that Childrens Place will report full year sales of $570.37 million for the current year, with estimates ranging from $1.86 billion to $1.88 billion. For the next year, analysts anticipate that the company will post sales of $1.92 billion per share, with estimates ranging from $1.89 billion to $1.96 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Childrens Place.

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

PLCE has been the topic of several analyst reports. ValuEngine cut shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. SunTrust Banks assumed coverage on shares of Childrens Place in a report on Thursday, December 21st. They issued a “hold” rating and a $150.00 target price on the stock. FBR & Co reaffirmed a “buy” rating and issued a $127.00 target price on shares of Childrens Place in a report on Monday, October 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $112.00 target price on shares of Childrens Place in a report on Thursday, November 2nd. Finally, B. Riley set a $130.00 target price on shares of Childrens Place and gave the company 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 assigned a strong buy rating to the stock. Childrens Place has a consensus rating of “Buy” and a consensus price target of $139.15.

Shares of Childrens Place (NASDAQ:PLCE) opened at $159.20 on Monday. Childrens Place has a 52-week low of $92.95 and a 52-week high of $161.65. The company has a market cap of $2,769.37, a PE ratio of 22.55, a price-to-earnings-growth ratio of 2.25 and a beta of 0.31.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were issued a $0.40 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $1.60 annualized dividend and a yield of 1.01%. Childrens Place’s dividend payout ratio is currently 22.66%.

Institutional investors have recently added to or reduced their stakes in the business. Profund Advisors LLC raised its holdings in Childrens Place by 18.0% in the 2nd quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock valued at $311,000 after acquiring an additional 465 shares during the period. Stifel Financial Corp raised its holdings in Childrens Place by 42.7% in the 2nd quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock valued at $3,773,000 after acquiring an additional 11,056 shares during the period. Legato Capital Management LLC bought a new position in Childrens Place in the 3rd quarter valued at about $680,000. Vanguard Group Inc. raised its holdings in Childrens Place by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock valued at $247,660,000 after acquiring an additional 32,057 shares during the period. Finally, Boston Advisors LLC bought a new position in Childrens Place in the 3rd quarter valued at about $10,325,000.

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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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