Childrens Place (NASDAQ:PLCE) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $5.75-6.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.60. The company issued revenue guidance of $1.905-1.925 billion, compared to the consensus revenue estimate of $1.91 billion.Childrens Place also updated its Q2 2019 guidance to $0.00-0.20 EPS.
A number of research analysts have commented on the stock. BidaskClub upgraded shares of Childrens Place from a buy rating to a strong-buy rating in a research note on Saturday, May 4th. Telsey Advisory Group restated an outperform rating and set a $126.00 price target (up previously from $100.00) on shares of Childrens Place in a research note on Monday. ValuEngine upgraded shares of Childrens Place from a hold rating to a buy rating in a research note on Wednesday, May 1st. Bank of America restated a neutral rating and set a $115.00 price target (up previously from $105.00) on shares of Childrens Place in a research note on Wednesday, May 1st. Finally, B. Riley set a $122.00 price target on shares of Childrens Place and gave the stock a buy rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $123.67.
NASDAQ:PLCE 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 company has a market capitalization of $1.71 billion, a PE ratio of 16.61, a PEG ratio of 2.41 and a beta of 0.69.
Childrens Place (NASDAQ:PLCE) last posted its earnings results on Monday, March 4th. The company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.00). Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The firm had revenue of $530.56 million during the quarter, compared to the consensus estimate of $553.06 million. During the same quarter last year, the firm posted $2.52 EPS. The business’s revenue was down 6.9% on a year-over-year basis. On average, sell-side analysts forecast that Childrens Place will post 5.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were paid a $0.56 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s payout ratio is 33.19%.
In related news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total value of $25,149.33. The sale 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.
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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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