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%.
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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