Childrens Place (NASDAQ:PLCE) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.00-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $415-420 million, compared to the consensus revenue estimate of $419.66 million.Childrens Place also updated its FY 2019 guidance to $5.75-6.25 EPS.
A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Childrens Place from a strong-buy rating to a buy rating in a report on Tuesday. Telsey Advisory Group restated an outperform rating and issued a $126.00 price objective (up from $100.00) on shares of Childrens Place in a report on Monday. B. Riley set a $122.00 price objective on shares of Childrens Place and gave the company a buy rating in a report on Tuesday. Bank of America restated a neutral rating and issued a $105.00 price objective (up from $95.00) on shares of Childrens Place in a report on Friday, April 5th. Finally, ValuEngine upgraded shares of Childrens Place from a hold rating to a buy rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Buy and an average target price of $123.67.
Shares of Childrens Place stock opened at $112.11 on Wednesday. Childrens Place has a 1 year low of $82.05 and a 1 year high of $160.23. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.89. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The company had revenue of $412.40 million for the quarter, compared to the consensus estimate of $399.40 million. During the same period last year, the firm posted $1.87 EPS. Childrens Place’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Childrens Place will post 5.64 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were given a dividend of $0.56 per share. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, April 12th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.
In other Childrens Place news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 3.10% of the company’s stock.
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Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, and other items for children; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, and Baby Place brand names.
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