Childrens Place (NASDAQ:PLCE) issued an update on its second quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.00-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $415-420 million, compared to the consensus revenue estimate of $420.4 million.Childrens Place also updated its FY 2019 guidance to $5.75-6.25 EPS.
PLCE stock opened at $112.11 on Wednesday. Childrens Place has a 12-month low of $82.05 and a 12-month high of $160.23. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.41 and a beta of 0.69.
Childrens Place (NASDAQ:PLCE) last issued its earnings results on Monday, March 4th. The company reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.10 by ($1.00). Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The company had revenue of $530.56 million during the quarter, compared to analysts’ expectations of $553.06 million. During the same period in the previous year, the company earned $2.52 EPS. Childrens Place’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Childrens Place will post 5.64 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a $0.56 dividend. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.24 annualized dividend and a dividend yield of 2.00%. Childrens Place’s dividend payout ratio is presently 33.19%.
Several brokerages have recently weighed in on PLCE. BidaskClub downgraded Childrens Place from a strong-buy rating to a buy rating in a research report on Tuesday. Bank of America reaffirmed a neutral rating and issued a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a research report on Friday, April 5th. ValuEngine raised Childrens Place from a sell rating to a hold rating in a research report on Saturday, March 30th. Deutsche Bank began coverage on Childrens Place in a research report on Tuesday, April 16th. They issued a hold rating and a $103.00 target price for the company. Finally, B. Riley set a $122.00 target price on Childrens Place and gave the stock a buy rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $123.67.
In related news, VP Robert F. Helm sold 227 shares of the business’s 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 legal filing with the SEC, which is accessible through the SEC website. 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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