Zacks: Analysts Anticipate Childrens Place Inc (NASDAQ:PLCE) Will Post Quarterly Sales of $534.19 Million

Wall Street brokerages forecast that Childrens Place Inc (NASDAQ:PLCE) will post $534.19 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Childrens Place’s earnings, with the highest sales estimate coming in at $535.88 million and the lowest estimate coming in at $532.70 million. Childrens Place reported sales of $522.50 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The business is expected to announce its next quarterly earnings results on Wednesday, December 11th.

On average, analysts expect that Childrens Place will report full-year sales of $1.92 billion for the current financial year, with estimates ranging from $1.92 billion to $1.93 billion. For the next financial year, analysts anticipate that the business will report sales of $2.00 billion, with estimates ranging from $1.98 billion to $2.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Childrens Place.

Childrens Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, December 11th. The company reported $3.03 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.01. The firm had revenue of $524.80 million for the quarter, compared to the consensus estimate of $534.09 million. Childrens Place had a return on equity of 26.03% and a net margin of 3.60%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.07 EPS.

PLCE has been the topic of several recent analyst reports. B. Riley reaffirmed a “neutral” rating and set a $59.00 target price on shares of Childrens Place in a research note on Wednesday. Monness Crespi & Hardt cut their target price on Childrens Place from $128.00 to $105.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Wolfe Research cut their target price on Childrens Place from $137.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, August 22nd. ValuEngine downgraded Childrens Place from a “buy” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Deutsche Bank raised Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Childrens Place presently has an average rating of “Hold” and an average price target of $106.61.

Shares of Childrens Place stock opened at $54.31 on Thursday. The business’s fifty day moving average price is $76.33 and its two-hundred day moving average price is $85.24. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.77 and a quick ratio of 0.20. The company has a market capitalization of $1.09 billion, a P/E ratio of 8.05, a PEG ratio of 1.56 and a beta of 0.72. Childrens Place has a 1-year low of $53.80 and a 1-year high of $116.84.

The company also recently disclosed a dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Friday, December 13th. Childrens Place’s dividend payout ratio is presently 33.19%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Childrens Place by 15.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,099 shares of the company’s stock worth $105,000 after acquiring an additional 150 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Childrens Place by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 23,942 shares of the company’s stock worth $1,843,000 after acquiring an additional 286 shares during the last quarter. Swiss National Bank grew its holdings in shares of Childrens Place by 1.0% in the 2nd quarter. Swiss National Bank now owns 30,100 shares of the company’s stock worth $2,871,000 after acquiring an additional 300 shares during the last quarter. Colony Group LLC grew its holdings in shares of Childrens Place by 1.8% in the 2nd quarter. Colony Group LLC now owns 16,680 shares of the company’s stock worth $1,591,000 after acquiring an additional 300 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new position in shares of Childrens Place in the 2nd quarter worth $32,000.

Childrens Place Company Profile

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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