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

Equities research analysts expect Childrens Place Inc (NASDAQ:PLCE) to report $570.37 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Childrens Place’s earnings, with the lowest sales estimate coming in at $562.00 million and the highest estimate coming in at $576.50 million. Childrens Place reported sales of $520.77 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The company is scheduled to report its next quarterly earnings results on Wednesday, March 14th.

On average, analysts expect that Childrens Place will report full-year sales of $570.37 million for the current fiscal year, with estimates ranging from $1.86 billion to $1.88 billion. For the next fiscal year, analysts expect that the company will post sales of $1.92 billion per share, with estimates ranging from $1.89 billion to $1.96 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Childrens Place.

Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $490.00 million during 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 firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.29 earnings per share.

A number of research firms have weighed in on PLCE. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research report on Monday. Chardan Capital reiterated a “buy” rating and set a $156.00 price objective (up previously from $130.00) on shares of Childrens Place in a research report on Wednesday, January 10th. SunTrust Banks increased their price objective on Childrens Place to $157.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. They noted that the move was a valuation call. Telsey Advisory Group increased their price objective on Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the company a “hold” rating in a research report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $139.15.

Shares of Childrens Place (PLCE) opened at $148.25 on Thursday. The firm has a market capitalization of $2,570.00, a P/E ratio of 21.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.23. Childrens Place has a 52-week low of $94.95 and a 52-week high of $161.65.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of Childrens Place in the fourth quarter valued at $143,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Childrens Place in the third quarter valued at $171,000. Flinton Capital Management LLC lifted its holdings in shares of Childrens Place by 70.0% in the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Childrens Place in the fourth quarter valued at $202,000. Finally, Shelton Capital Management purchased a new stake in shares of Childrens Place in the third quarter valued at $206,000.

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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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