Childrens Place (NASDAQ:PLCE) announced its quarterly earnings results on Thursday. The company reported $3.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $3.07, RTT News reports. The company had revenue of $522.50 million for the quarter, compared to the consensus estimate of $511.19 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. Childrens Place’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.58 EPS.
Childrens Place stock opened at $111.19 on Thursday. Childrens Place has a twelve month low of $112.55 and a twelve month high of $161.65. The stock has a market capitalization of $2.02 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.80%. Childrens Place’s dividend payout ratio (DPR) is presently 25.28%.
PLCE has been the topic of a number of research reports. ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. Bank of America upgraded shares of Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Finally, BidaskClub upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Childrens Place has an average rating of “Buy” and an average target price of $150.70.
Several institutional investors have recently bought and sold shares of PLCE. Eqis Capital Management Inc. increased its holdings in shares of Childrens Place by 17.8% in the 2nd quarter. Eqis Capital Management Inc. now owns 3,156 shares of the company’s stock worth $381,000 after buying an additional 477 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Childrens Place by 11.6% during the 2nd quarter. Alps Advisors Inc. now owns 4,072 shares of the company’s stock worth $592,000 after purchasing an additional 423 shares during the period. TD Asset Management Inc. purchased a new position in shares of Childrens Place during the 2nd quarter worth about $7,272,000. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Childrens Place by 168.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,040 shares of the company’s stock worth $1,817,000 after purchasing an additional 9,440 shares during the period. Finally, Comerica Bank boosted its stake in shares of Childrens Place by 4.3% during the 2nd quarter. Comerica Bank now owns 19,932 shares of the company’s stock worth $2,385,000 after purchasing an additional 827 shares during the period.
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Childrens Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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