Childrens Place Inc (NASDAQ:PLCE) – Analysts at SunTrust Banks lifted their Q4 2018 earnings estimates for shares of Childrens Place in a report released on Monday. SunTrust Banks analyst P. Quintiliano now forecasts that the company will post earnings per share of $2.50 for the quarter, up from their prior forecast of $2.14. SunTrust Banks currently has a “Hold” rating and a $157.00 price objective on the stock.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The company had revenue of $490.00 million during the quarter, compared to analyst estimates of $480.28 million. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the business earned $2.29 EPS.
Several other research analysts have also weighed in on PLCE. FBR & Co reissued a “buy” rating and set a $127.00 price objective on shares of Childrens Place in a report on Monday, October 2nd. BMO Capital Markets reissued a “hold” rating and set a $112.00 price objective on shares of Childrens Place in a report on Thursday, November 2nd. B. Riley reissued a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group lifted their price target on shares of Childrens Place from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Childrens Place currently has a consensus rating of “Buy” and a consensus price target of $139.15.
Shares of Childrens Place (NASDAQ:PLCE) traded up $0.95 during mid-day trading on Thursday, reaching $158.35. 380,987 shares of the company’s stock traded hands, compared to its average volume of 442,791. The firm has a market cap of $2,738.06, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.23 and a beta of 0.31. Childrens Place has a 52 week low of $92.95 and a 52 week high of $161.05.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, December 12th. Childrens Place’s dividend payout ratio (DPR) is presently 22.66%.
Several hedge funds and other institutional investors have recently bought and sold shares of PLCE. Riverhead Capital Management LLC boosted its holdings in shares of Childrens Place by 80.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after buying an additional 565 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Childrens Place during the 3rd quarter valued at about $171,000. Flinton Capital Management LLC boosted its stake in Childrens Place by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after purchasing an additional 784 shares during the period. Shelton Capital Management acquired a new position in Childrens Place during the 3rd quarter valued at about $206,000. Finally, Advisor Group Inc. boosted its stake in Childrens Place by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock valued at $209,000 after purchasing an additional 1,113 shares during the period.
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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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