Children’s Place, Inc. (The) (PLCE) Stock Price Up 0.9% After Better-Than-Expected Earnings

Children’s Place, Inc. (The) (NASDAQ:PLCE) shares rose 0.9% on Wednesday following a stronger than expected earnings report. The stock traded as high as $124.14 and last traded at $113.90. Approximately 727,700 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 519,632 shares. The stock had previously closed at $112.90.

The company reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.12. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. The business had revenue of $490.00 million during the quarter, compared to analyst estimates of $480.28 million. During the same quarter in the previous year, the business earned $2.29 EPS. Children’s Place, Inc. (The)’s quarterly revenue was up 3.4% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. Children’s Place, Inc. (The)’s payout ratio is presently 22.92%.

PLCE has been the subject of several analyst reports. BidaskClub lowered shares of Children’s Place, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $112.00 price objective on shares of Children’s Place, Inc. (The) in a research note on Thursday, November 2nd. ValuEngine raised shares of Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Wednesday. B. Riley set a $127.00 target price on shares of Children’s Place, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday. Finally, FBR & Co reiterated a “buy” rating and issued a $127.00 target price on shares of Children’s Place, Inc. (The) in a report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Children’s Place, Inc. (The) currently has an average rating of “Buy” and a consensus price target of $128.25.

Several large investors have recently bought and sold shares of PLCE. Riverhead Capital Management LLC increased its holdings in shares of Children’s Place, Inc. (The) by 80.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock worth $129,000 after purchasing an additional 565 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Children’s Place, Inc. (The) during the 3rd quarter worth about $171,000. Meeder Asset Management Inc. bought a new position in shares of Children’s Place, Inc. (The) during the 2nd quarter worth about $182,000. Flinton Capital Management LLC increased its holdings in shares of Children’s Place, Inc. (The) by 70.0% during the 2nd quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock worth $194,000 after purchasing an additional 784 shares during the period. Finally, Advisor Group Inc. increased its holdings in shares of Children’s Place, Inc. (The) by 169.9% during the 3rd quarter. Advisor Group Inc. now owns 1,768 shares of the company’s stock worth $209,000 after purchasing an additional 1,113 shares during the period.

The firm has a market cap of $1,991.54, a price-to-earnings ratio of 16.17, a PEG ratio of 1.70 and a beta of 0.27.

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About Children’s Place, Inc. (The)

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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