Childrens Place (NASDAQ:PLCE) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.40-5.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.16. The company issued revenue guidance of $1.91-1.925 billion, compared to the consensus revenue estimate of $1.93 billion.Childrens Place also updated its FY20 guidance to $5.40-5.75 EPS.
Shares of PLCE opened at $78.01 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.22. The firm has a 50 day simple moving average of $91.89 and a 200-day simple moving average of $96.40. Childrens Place has a 1-year low of $75.95 and a 1-year high of $160.23. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83.
A number of research analysts have recently weighed in on PLCE shares. Telsey Advisory Group reissued an outperform rating and set a $126.00 price objective (up from $100.00) on shares of Childrens Place in a research note on Monday, May 13th. Wedbush set a $130.00 target price on shares of Childrens Place and gave the stock a buy rating in a research note on Friday, June 21st. Citigroup lifted their target price on shares of Childrens Place from $90.00 to $106.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. DA Davidson began coverage on shares of Childrens Place in a research note on Tuesday, April 23rd. They issued a buy rating and a $135.00 target price for the company. Finally, B. Riley set a $122.00 target price on shares of Childrens Place and gave the stock a buy rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $124.67.
About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates through two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, footwear, accessories, 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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