Childrens Place (NASDAQ:PLCE) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $2.07-2.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.64. The company issued revenue guidance of $547-552 million, compared to the consensus revenue estimate of $567.05 million.Childrens Place also updated its FY 2018 guidance to $7.69-7.79 EPS.
A number of research firms have weighed in on PLCE. ValuEngine downgraded shares of Childrens Place from a buy rating to a hold rating in a research report on Thursday, September 6th. BidaskClub downgraded shares of Childrens Place from a buy rating to a hold rating in a research report on Friday, September 7th. Monness Crespi & Hardt raised shares of Childrens Place from a neutral rating to a buy rating and set a $165.00 target price for the company in a research report on Friday, August 24th. They noted that the move was a valuation call. B. Riley reissued a buy rating on shares of Childrens Place in a research report on Wednesday, November 14th. Finally, Bank of America raised shares of Childrens Place from an underperform rating to a neutral rating in a research report on Tuesday, October 2nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Childrens Place has a consensus rating of Buy and an average target price of $150.70.
Shares of PLCE stock traded down $20.06 during trading hours on Thursday, hitting $103.10. 1,677,486 shares of the company were exchanged, compared to its average volume of 494,774. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17. Childrens Place has a fifty-two week low of $112.55 and a fifty-two week high of $161.65.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, December 6th. The company reported $3.07 EPS for the quarter, hitting the consensus estimate of $3.07. The company had revenue of $522.50 million during 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%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 EPS. As a group, equities analysts expect that Childrens Place will post 8.34 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Monday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.94%. Childrens Place’s dividend payout ratio (DPR) is presently 25.28%.
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About Childrens Place
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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