Childrens Place (NASDAQ:PLCE) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.75-6.25 for the period, compared to the Thomson Reuters consensus estimate of $5.75. The company issued revenue guidance of $1.905-1.925 billion, compared to the consensus revenue estimate of $1.92 billion.Childrens Place also updated its FY 2019 guidance to $5.75-6.25 EPS.
Shares of Childrens Place stock opened at $112.11 on Wednesday. The stock has a market cap of $1.71 billion, a PE ratio of 16.61, a PEG ratio of 2.41 and a beta of 0.69. Childrens Place has a twelve month low of $82.05 and a twelve month high of $160.23.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.53) by $0.89. The firm had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 earnings per share. As a group, sell-side analysts forecast that Childrens Place will post 5.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.56 per share. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.00%. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.
Several research analysts recently commented on PLCE shares. BidaskClub upgraded Childrens Place from a hold rating to a buy rating in a research report on Friday, April 19th. B. Riley dropped their price target on Childrens Place from $167.00 to $122.00 and set a buy rating for the company in a research report on Tuesday, March 5th. DA Davidson started coverage on Childrens Place in a research report on Tuesday, April 23rd. They issued a buy rating and a $135.00 price target for the company. ValuEngine upgraded Childrens Place from a hold rating to a buy rating in a research report on Wednesday, May 1st. Finally, Deutsche Bank started coverage on Childrens Place in a research report on Tuesday, April 16th. They issued a hold rating and a $103.00 price target for the company. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Childrens Place has a consensus rating of Buy and an average target price of $123.67.
In related news, VP Robert F. Helm sold 227 shares of Childrens Place stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total value of $25,149.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.10% of the company’s stock.
About Childrens Place
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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