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%.
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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.
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