Childrens Place (NASDAQ:PLCE) posted its quarterly earnings data on Wednesday. The company reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $3.02 by $0.01, Briefing.com reports. The firm had revenue of $524.80 million during the quarter, compared to analysts’ expectations of $534.09 million. Childrens Place had a return on equity of 26.84% and a net margin of 3.23%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $3.07 EPS. Childrens Place updated its Q4 guidance to $1.48-1.68 EPS and its FY 2019
Pre-Market guidance to $5.00-5.20 EPS.
PLCE stock opened at $58.83 on Friday. The business has a fifty day moving average price of $75.96 and a 200 day moving average price of $85.02. Childrens Place has a fifty-two week low of $53.62 and a fifty-two week high of $116.84. The stock has a market capitalization of $845.66 million, a price-to-earnings ratio of 8.72, a P/E/G ratio of 1.33 and a beta of 0.72. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, December 16th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.24 dividend on an annualized basis and a yield of 3.81%. Childrens Place’s dividend payout ratio is 33.19%.
Several research firms have recently issued reports on PLCE. Wolfe Research decreased their price target on Childrens Place from $137.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, August 22nd. Zacks Investment Research raised their target price on Childrens Place to $106.75 in a research report on Tuesday, October 15th. Deutsche Bank dropped their price target on Childrens Place from $103.00 to $75.00 and set a “buy” rating for the company in a report on Thursday. Wedbush cut Childrens Place from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $130.00 to $60.00 in a report on Wednesday. Finally, Telsey Advisory Group dropped their price target on Childrens Place from $105.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $78.52.
About Childrens 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, footwear, accessories, 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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