Childrens Place (NASDAQ:PLCE) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $2.90-3.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.50. The company issued revenue guidance of $530-535 million, compared to the consensus revenue estimate of $535.13 million.Childrens Place also updated its FY 2019 guidance to $5.40-5.75 EPS.
Several research analysts have recently commented on the company. TheStreet lowered Childrens Place from a b- rating to a c+ rating in a report on Friday, May 31st. B. Riley set a $122.00 price target on Childrens Place and gave the stock a buy rating in a report on Tuesday, May 14th. Deutsche Bank upgraded Childrens Place from a hold rating to a buy rating and set a $103.00 price target on the stock in a report on Thursday, August 15th. DA Davidson set a $135.00 price objective on shares of Childrens Place and gave the company a buy rating in a report on Tuesday. Finally, BidaskClub lowered shares of Childrens Place from a hold rating to a sell rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Childrens Place currently has an average rating of Buy and an average target price of $116.00.
Shares of PLCE opened at $78.45 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.60 and a beta of 0.83. Childrens Place has a 12-month low of $70.43 and a 12-month high of $160.23. The company’s 50-day moving average price is $90.81 and its 200 day moving average price is $96.19. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 1.31.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $420.50 million for the quarter, compared to analyst estimates of $428.28 million. Childrens Place had a net margin of 3.60% and a return on equity of 24.71%. Childrens Place’s revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Equities research analysts forecast that Childrens Place will post 5.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 23rd will be issued a $0.56 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $2.24 annualized dividend and a yield of 2.86%. Childrens Place’s dividend payout ratio (DPR) is currently 33.19%.
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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