Childrens Place Inc (NASDAQ:PLCE) – Investment analysts at SunTrust Banks raised their Q4 2018 EPS estimates for Childrens Place in a report released on Monday, according to Zacks Investment Research. SunTrust Banks analyst P. Quintiliano now expects that the company will earn $2.50 per share for the quarter, up from their prior estimate of $2.14. SunTrust Banks currently has a “Hold” rating and a $157.00 price target on the stock.
Several other research analysts have also weighed in on the company. Chardan Capital reissued a “buy” rating and set a $156.00 price target (up from $130.00) on shares of Childrens Place in a research report on Wednesday, January 10th. Telsey Advisory Group upped their target price on Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. BMO Capital Markets set a $130.00 target price on Childrens Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th. BidaskClub raised Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Finally, ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Five equities 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $139.15.
Childrens Place (NASDAQ:PLCE) opened at $145.60 on Thursday. The firm has a market capitalization of $2,532.86, a price-to-earnings ratio of 20.62, a P/E/G ratio of 1.80 and a beta of 0.23. Childrens Place has a 52-week low of $94.95 and a 52-week high of $161.65.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. Childrens Place’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 earnings per share.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in Childrens Place by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after purchasing an additional 565 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in Childrens Place during the 4th quarter valued at approximately $143,000. Cubist Systematic Strategies LLC bought a new stake in Childrens Place during the 3rd quarter valued at approximately $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. Finally, Everence Capital Management Inc. bought a new stake in Childrens Place during the 4th quarter valued at approximately $202,000.
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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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