Brokerages expect Childrens Place Inc (NASDAQ:PLCE) to post $2.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Childrens Place’s earnings, with the lowest EPS estimate coming in at $2.46 and the highest estimate coming in at $2.51. Childrens Place posted earnings per share of $1.88 during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.4%. The business is expected to issue its next quarterly earnings results on Wednesday, March 14th.
According to Zacks, analysts expect that Childrens Place will report full year earnings of $7.87 per share for the current financial year, with EPS estimates ranging from $7.84 to $7.89. For the next fiscal year, analysts expect that the business will post earnings of $8.98 per share, with EPS estimates ranging from $8.45 to $9.63. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Childrens Place.
Childrens Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.12. The firm had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.29 earnings per share.
A number of equities research analysts have weighed in on PLCE shares. Buckingham Research boosted their price objective on Childrens Place from $139.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. B. Riley reiterated a “buy” rating on shares of Childrens Place in a research note on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $127.00 price objective on shares of Childrens Place in a research note on Monday, October 2nd. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Chardan Capital reiterated a “buy” rating and issued a $156.00 price objective (up previously from $130.00) on shares of Childrens Place in a research note on Wednesday, January 10th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $139.15.
Shares of Childrens Place (NASDAQ PLCE) traded up $2.60 during midday trading on Friday, reaching $159.20. The company’s stock had a trading volume of 353,856 shares, compared to its average volume of 431,776. Childrens Place has a one year low of $92.95 and a one year high of $161.65. The stock has a market capitalization of $2,724.14, a PE ratio of 22.55, a P/E/G ratio of 2.21 and a beta of 0.31.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, December 12th. Childrens Place’s payout ratio is currently 22.66%.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Childrens Place by 1.3% in the second quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock valued at $247,660,000 after purchasing an additional 32,057 shares during the period. Royce & Associates LP increased its holdings in shares of Childrens Place by 2.4% in the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock valued at $136,104,000 after purchasing an additional 27,431 shares during the period. FMR LLC increased its holdings in shares of Childrens Place by 7,303.5% in the second quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after purchasing an additional 731,158 shares during the period. Voya Investment Management LLC increased its holdings in shares of Childrens Place by 39.9% in the second quarter. Voya Investment Management LLC now owns 551,468 shares of the company’s stock valued at $56,305,000 after purchasing an additional 157,333 shares during the period. Finally, State Street Corp increased its holdings in shares of Childrens Place by 3.9% in the second quarter. State Street Corp now owns 514,897 shares of the company’s stock valued at $52,568,000 after purchasing an additional 19,326 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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