Q1 2019 EPS Estimates for The Children’s Place Increased by B. Riley (NASDAQ:PLCE)

The Children’s Place (NASDAQ:PLCE) – Research analysts at B. Riley boosted their Q1 2019 earnings per share (EPS) estimates for The Children’s Place in a research report issued to clients and investors on Wednesday, March 21st, Zacks Investment Research reports. B. Riley analyst S. Anderson now anticipates that the company will earn $2.22 per share for the quarter, up from their prior forecast of $2.18. B. Riley currently has a “Buy” rating and a $167.00 price objective on the stock. B. Riley also issued estimates for The Children’s Place’s Q3 2019 earnings at $3.14 EPS, Q4 2019 earnings at $2.75 EPS and FY2021 earnings at $12.50 EPS.

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PLCE has been the topic of several other reports. BidaskClub cut The Children’s Place from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 21st. ValuEngine upgraded The Children’s Place from a “hold” rating to a “buy” rating in a research report on Monday, March 19th. SunTrust Banks set a $132.00 price target on The Children’s Place and gave the company a “hold” rating in a research report on Wednesday, March 21st. Cowen started coverage on The Children’s Place in a research report on Thursday, March 1st. They set an “outperform” rating and a $160.00 price target on the stock. Finally, Telsey Advisory Group upped their price target on The Children’s Place from $140.00 to $164.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $144.91.

Shares of PLCE traded down $3.04 during midday trading on Thursday, hitting $132.05. 594,361 shares of the company traded hands, compared to its average volume of 660,829. The Children’s Place has a one year low of $94.95 and a one year high of $161.65. The stock has a market cap of $2,232.92, a PE ratio of 16.69, a P/E/G ratio of 1.85 and a beta of 0.37.

The Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings results on Tuesday, March 20th. The company reported $2.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.49 by $0.03. The Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The firm had revenue of $570.00 million for the quarter, compared to analysts’ expectations of $574.09 million. During the same period in the prior year, the business posted $1.88 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Monday, April 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.51%. This is a boost from The Children’s Place’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 13th. The Children’s Place’s dividend payout ratio is 20.23%.

The Children’s Place declared that its board has authorized a stock buyback program on Tuesday, March 20th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors increased its position in shares of The Children’s Place by 131.0% in the third quarter. Nationwide Fund Advisors now owns 110,629 shares of the company’s stock worth $13,071,000 after purchasing an additional 62,737 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of The Children’s Place by 24.5% in the third quarter. Wells Fargo & Company MN now owns 124,089 shares of the company’s stock worth $14,661,000 after purchasing an additional 24,456 shares during the last quarter. Balter Liquid Alternatives LLC increased its position in shares of The Children’s Place by 81.3% in the fourth quarter. Balter Liquid Alternatives LLC now owns 6,572 shares of the company’s stock worth $955,000 after purchasing an additional 2,947 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of The Children’s Place by 0.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 100,075 shares of the company’s stock worth $14,546,000 after purchasing an additional 629 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of The Children’s Place by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,188,019 shares of the company’s stock worth $318,029,000 after purchasing an additional 60,205 shares during the last quarter.

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About The Children’s 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, accessories, footwear, 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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Earnings History and Estimates for The Children`s Place (NASDAQ:PLCE)

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