Brokerages expect that Childrens Place Inc (NASDAQ:PLCE) will report $570.37 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Childrens Place’s earnings, with estimates ranging from $562.00 million to $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 firm is expected to report its next quarterly earnings report 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 year, analysts anticipate that the business will post sales of $1.92 billion per share, with estimates ranging from $1.89 billion to $1.96 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Childrens Place.
PLCE has been the subject of several analyst reports. Buckingham Research upped their target price on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, November 16th. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. Telsey Advisory Group upped their target price on Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. Finally, B. Riley set a $130.00 price target on Childrens Place and gave the stock a “buy” rating in a report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $145.80.
Shares of Childrens Place (NASDAQ:PLCE) opened at $131.75 on Wednesday. The stock has a market capitalization of $2,379.71, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.70 and a beta of 0.30. Childrens Place has a twelve month low of $94.95 and a twelve month high of $161.65.
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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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