Children’s Place, Inc. (The) (PLCE) Updates Q3 Earnings Guidance

Children’s Place, Inc. (The) (NASDAQ:PLCE) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.41-2.46 for the period, compared to the Thomson Reuters consensus estimate of $2.46. Children’s Place, Inc. (The) also updated its FY18 guidance to $7.23-7.33 EPS.

Children’s Place, Inc. (PLCE) opened at 100.20 on Friday. Children’s Place, Inc. has a one year low of $70.90 and a one year high of $125.30. The firm has a market cap of $1.77 billion, a PE ratio of 14.33 and a beta of 0.33. The company has a 50-day moving average price of $105.64 and a 200-day moving average price of $108.12.

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.11. The firm had revenue of $373.60 million during the quarter, compared to analysts’ expectations of $376.53 million. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. Children’s Place, Inc. (The)’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.01) earnings per share. Equities analysts predict that Children’s Place, Inc. will post $7.34 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is Monday, September 11th. Children’s Place, Inc. (The)’s dividend payout ratio is presently 22.92%.

A number of research firms have issued reports on PLCE. BMO Capital Markets set a $112.00 price target on shares of Children’s Place, Inc. (The) and gave the company a hold rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Children’s Place, Inc. (The) from a buy rating to a strong-buy rating in a report on Wednesday, August 9th. ValuEngine upgraded shares of Children’s Place, Inc. (The) from a hold rating to a buy rating in a report on Friday, May 19th. FBR & Co set a $127.00 price target on shares of Children’s Place, Inc. (The) and gave the company a buy rating in a report on Thursday, May 18th. Finally, Bank of America Corporation set a $140.00 price target on shares of Children’s Place, Inc. (The) and gave the company a buy rating in a report on Tuesday, June 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $125.00.

In other news, SVP Kevin Low sold 14,517 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $109.04, for a total transaction of $1,582,933.68. Following the sale, the senior vice president now directly owns 33,565 shares of the company’s stock, valued at $3,659,927.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Scarpa sold 37,231 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $108.08, for a total transaction of $4,023,926.48. Following the sale, the insider now directly owns 59,084 shares in the company, valued at $6,385,798.72. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

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Children’s Place, Inc. (The) 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.

Earnings History and Estimates for Children`s Place, Inc. (The) (NASDAQ:PLCE)

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