Children’s Place, Inc. (The) (NASDAQ:PLCE) – Oppenheimer boosted their Q1 2019 earnings per share estimates for Children’s Place in a research report issued on Wednesday, Zacks Investment Research reports. Oppenheimer analyst A. Andreeva now forecasts that the company will post earnings per share of $2.63 for the quarter, up from their prior estimate of $2.09. Oppenheimer also issued estimates for Children’s Place’s Q4 2019 earnings at $2.29 EPS.
Other analysts have also issued reports about the company. BidaskClub upgraded Children’s Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. B. Riley reiterated a “buy” rating on shares of Children’s Place in a report on Wednesday, November 1st. ValuEngine cut Children’s Place from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. Telsey Advisory Group increased their target price on Children’s Place from $135.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets restated a “hold” rating and set a $112.00 target price on shares of Children’s Place in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, nine have given 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 an average target price of $131.67.
Shares of Children’s Place (PLCE) opened at $135.00 on Monday. The stock has a market capitalization of $2,329.26, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 1.97 and a beta of 0.33. Children’s Place has a one year low of $92.95 and a one year high of $139.95.
Children’s Place (NASDAQ:PLCE) last released its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.46 by $0.12. The firm had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. Children’s Place had a return on equity of 26.58% and a net margin of 7.07%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Tuesday, December 12th. Children’s Place’s dividend payout ratio is currently 22.66%.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Children’s Place by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock valued at $247,660,000 after buying an additional 32,057 shares in the last quarter. Royce & Associates LP increased its position in Children’s Place by 2.4% during the 3rd quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock valued at $136,104,000 after buying an additional 27,431 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Children’s Place by 3.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 806,129 shares of the company’s stock valued at $82,305,000 after purchasing an additional 27,887 shares during the last quarter. FMR LLC boosted its stake in Children’s Place by 7,303.5% during the 2nd quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after purchasing an additional 731,158 shares during the last quarter. Finally, LSV Asset Management boosted its stake in Children’s Place by 49.9% during the 2nd quarter. LSV Asset Management now owns 694,668 shares of the company’s stock valued at $70,925,000 after purchasing an additional 231,111 shares during the last quarter.
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Children’s 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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