Equities research analysts expect that Childrens Place Inc (NASDAQ:PLCE) will announce $0.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Childrens Place’s earnings, with estimates ranging from $0.49 to $0.62. Childrens Place reported earnings per share of $0.86 during the same quarter last year, which suggests a negative year over year growth rate of 33.7%. The company is scheduled to report its next earnings results on Wednesday, August 8th.
According to Zacks, analysts expect that Childrens Place will report full year earnings of $8.14 per share for the current year, with EPS estimates ranging from $8.05 to $8.25. For the next year, analysts expect that the firm will post earnings of $9.08 per share, with EPS estimates ranging from $8.50 to $10.01. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Childrens Place.
Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings results on Thursday, May 17th. The company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.34). Childrens Place had a net margin of 4.28% and a return on equity of 30.86%. The firm had revenue of $436.30 million during the quarter, compared to analyst estimates of $443.78 million. During the same quarter in the previous year, the business posted $1.95 EPS. Childrens Place’s revenue for the quarter was down .1% compared to the same quarter last year.
A number of equities analysts recently issued reports on PLCE shares. SunTrust Banks set a $132.00 price objective on Childrens Place and gave the company a “hold” rating in a report on Wednesday, March 21st. ValuEngine upgraded Childrens Place from a “hold” rating to a “buy” rating in a report on Monday, March 19th. Telsey Advisory Group dropped their price objective on Childrens Place from $190.00 to $165.00 and set an “outperform” rating for the company in a report on Wednesday, March 21st. Cowen started coverage on Childrens Place in a report on Thursday, March 1st. They set an “outperform” rating and a $160.00 price objective for the company. Finally, Citigroup upgraded Childrens Place from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $127.95 to $148.00 in a report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Childrens Place currently has an average rating of “Buy” and a consensus target price of $144.60.
In other Childrens Place news, SVP Anurup Pruthi sold 14,512 shares of the company’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $128.39, for a total value of $1,863,195.68. Following the completion of the sale, the senior vice president now directly owns 15,721 shares in the company, valued at approximately $2,018,419.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. UBS Asset Management Americas Inc. lifted its holdings in shares of Childrens Place by 0.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 100,075 shares of the company’s stock worth $14,546,000 after buying an additional 629 shares during the period. BlackRock Inc. lifted its holdings in shares of Childrens Place by 2.8% in the 4th quarter. BlackRock Inc. now owns 2,188,019 shares of the company’s stock worth $318,029,000 after buying an additional 60,205 shares during the period. Vident Investment Advisory LLC lifted its holdings in shares of Childrens Place by 8.8% in the 4th quarter. Vident Investment Advisory LLC now owns 27,743 shares of the company’s stock worth $4,032,000 after buying an additional 2,255 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Childrens Place by 55.9% in the 4th quarter. Wells Fargo & Company MN now owns 193,395 shares of the company’s stock worth $28,112,000 after buying an additional 69,306 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Childrens Place in the 4th quarter worth $873,000.
Shares of NASDAQ:PLCE opened at $126.65 on Friday. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.77 and a beta of 0.35. Childrens Place has a 52 week low of $98.20 and a 52 week high of $161.65.
Childrens Place announced that its Board of Directors has authorized a stock buyback program on Tuesday, March 20th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Monday, June 18th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, June 15th. Childrens Place’s dividend payout ratio is 25.28%.
About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in 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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