SunTrust Banks Comments on Childrens Place Inc’s FY2018 Earnings (PLCE)

Childrens Place Inc (NASDAQ:PLCE) – Equities research analysts at SunTrust Banks raised their FY2018 earnings per share estimates for shares of Childrens Place in a research report issued on Monday. SunTrust Banks analyst P. Quintiliano now anticipates that the company will earn $7.88 per share for the year, up from their previous estimate of $7.53. SunTrust Banks currently has a “Hold” rating and a $157.00 target price on the stock. SunTrust Banks also issued estimates for Childrens Place’s Q1 2019 earnings at $2.29 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $2.95 EPS, Q4 2019 earnings at $2.67 EPS and FY2019 earnings at $8.49 EPS.

Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.12. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. Childrens Place’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 earnings per share.

Several other equities analysts also recently weighed in on PLCE. Chardan Capital restated a “buy” rating and set a $156.00 price objective (up previously from $130.00) on shares of Childrens Place in a report on Wednesday. B. Riley restated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. ValuEngine cut Childrens Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Telsey Advisory Group raised their price objective on Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets set a $130.00 price objective on Childrens Place and gave the stock a “hold” rating in a report on Tuesday, December 19th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.15.

Childrens Place (NASDAQ:PLCE) traded up $4.95 during trading on Wednesday, reaching $157.40. The company’s stock had a trading volume of 370,000 shares, compared to its average volume of 629,000. The stock has a market capitalization of $2,750.00, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.19 and a beta of 0.31. Childrens Place has a one year low of $92.95 and a one year high of $158.35.

A number of institutional investors have recently modified their holdings of the stock. Copper Rock Capital Partners LLC boosted its holdings in Childrens Place by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 224,524 shares of the company’s stock valued at $32,522,000 after acquiring an additional 7,775 shares during the last quarter. TrimTabs Asset Management LLC boosted its holdings in Childrens Place by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock valued at $380,000 after acquiring an additional 471 shares during the last quarter. Shelton Capital Management acquired a new position in Childrens Place in the third quarter valued at $206,000. Greenlight Capital Inc. acquired a new position in Childrens Place in the third quarter valued at $7,844,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Childrens Place by 52.3% in the third quarter. Public Employees Retirement System of Ohio now owns 64,763 shares of the company’s stock valued at $7,652,000 after acquiring an additional 22,239 shares during the last quarter.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, December 12th. Childrens Place’s payout ratio is currently 22.70%.

TRADEMARK VIOLATION WARNING: This piece was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://ledgergazette.com/2018/01/12/suntrust-banks-comments-on-childrens-place-incs-fy2018-earnings-plce.html.

Childrens Place Company Profile

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.

Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

Receive News & Ratings for Childrens Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply