Children’s Place, Inc. (The) (PLCE) Shares Gap Up Following Earnings Beat

Children’s Place, Inc. (The) (NASDAQ:PLCE) shares gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $107.75, but opened at $113.90. Children’s Place, Inc. (The) shares last traded at $120.65, with a volume of 2271500 shares traded.

The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. The firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.26%. Children’s Place, Inc. (The)’s payout ratio is currently 22.96%.

PLCE has been the subject of a number of recent analyst reports. BidaskClub cut Children’s Place, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and issued a $112.00 target price on shares of Children’s Place, Inc. (The) in a research report on Thursday, November 2nd. ValuEngine raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Wednesday. Telsey Advisory Group raised their target price on Children’s Place, Inc. (The) from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, B. Riley set a $130.00 target price on Children’s Place, Inc. (The) and gave the stock a “buy” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $131.67.

A number of hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System increased its position in Children’s Place, Inc. (The) by 2.3% in the third quarter. California Public Employees Retirement System now owns 45,620 shares of the company’s stock worth $5,390,000 after purchasing an additional 1,020 shares during the period. Janney Montgomery Scott LLC bought a new position in Children’s Place, Inc. (The) during the third quarter worth about $793,000. Cubist Systematic Strategies LLC bought a new position in Children’s Place, Inc. (The) during the third quarter worth about $171,000. Vident Investment Advisory LLC boosted its holdings in Children’s Place, Inc. (The) by 2.1% during the third quarter. Vident Investment Advisory LLC now owns 25,488 shares of the company’s stock worth $3,011,000 after buying an additional 520 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Children’s Place, Inc. (The) by 2.4% during the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock worth $136,104,000 after buying an additional 27,431 shares during the last quarter.

The company has a market capitalization of $2,190.00, a price-to-earnings ratio of 16.32, a PEG ratio of 1.71 and a beta of 0.27.

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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.

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