Childrens Place Inc (NASDAQ:PLCE) – Equities researchers at SunTrust Banks issued their FY2018 EPS estimates for Childrens Place in a research report issued on Thursday. SunTrust Banks analyst P. Quintiliano forecasts that the company will post earnings of $7.53 per share for the year. SunTrust Banks has a “Hold” rating and a $150.00 price target on the stock. SunTrust Banks also issued estimates for Childrens Place’s Q4 2018 earnings at $2.14 EPS, Q1 2019 earnings at $2.24 EPS, Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $2.92 EPS, Q4 2019 earnings at $2.39 EPS and FY2019 earnings at $8.09 EPS.
A number of other research analysts have also weighed in on the stock. BMO Capital Markets set a $130.00 target price on shares of Childrens Place and gave the stock a “hold” rating in a research note on Tuesday, December 19th. BidaskClub raised shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. ValuEngine lowered shares of Childrens Place from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Buckingham Research raised their target price on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. Finally, Telsey Advisory Group raised their target price on shares of Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, November 16th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $133.77.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $480.28 million. During the same period last year, the company posted $2.29 EPS. Childrens Place’s quarterly revenue was up 3.4% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 12th. Childrens Place’s payout ratio is presently 22.70%.
Several hedge funds have recently added to or reduced their stakes in PLCE. FMR LLC raised its position in shares of Childrens 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 buying an additional 731,158 shares during the period. LSV Asset Management increased its holdings in Childrens Place by 49.9% in 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. Systematic Financial Management LP increased its holdings in Childrens Place by 179.0% in the 2nd quarter. Systematic Financial Management LP now owns 295,581 shares of the company’s stock valued at $30,179,000 after purchasing an additional 189,623 shares during the last quarter. Voya Investment Management LLC increased its holdings in Childrens Place by 39.9% in the 2nd quarter. Voya Investment Management LLC now owns 551,468 shares of the company’s stock valued at $56,305,000 after purchasing an additional 157,333 shares during the last quarter. Finally, Balyasny Asset Management LLC increased its holdings in Childrens Place by 144.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 199,899 shares of the company’s stock valued at $20,410,000 after purchasing an additional 118,267 shares during the last quarter.
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Childrens 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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