Children’s Place, Inc. (The) (NASDAQ:PLCE) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.23-7.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.27. Children’s Place, Inc. (The) also updated its Q3 guidance to $2.41-2.46 EPS.
Children’s Place, Inc. (NASDAQ PLCE) opened at 100.20 on Friday. 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. has a 1-year low of $70.90 and a 1-year high of $125.30. The stock has a market capitalization of $1.77 billion, a P/E ratio of 14.33 and a beta of 0.33.
Children’s Place, Inc. (The) (NASDAQ:PLCE) last released its earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. The firm had revenue of $373.60 million during the quarter, compared to the consensus estimate of $376.53 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 for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, equities analysts predict that Children’s Place, Inc. will post $7.34 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be issued a $0.40 dividend. The ex-dividend date is Monday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.60%. Children’s Place, Inc. (The)’s dividend payout ratio is currently 22.92%.
PLCE has been the topic of several research reports. BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) and gave the company a hold rating in a report on Tuesday, August 8th. BidaskClub raised Children’s Place, Inc. (The) from a hold rating to a buy rating in a report on Saturday, July 8th. Telsey Advisory Group raised Children’s Place, Inc. (The) from a market perform rating to an outperform rating and set a $135.00 price target on the stock in a report on Monday, June 26th. FBR & Co reissued an outperform rating and set a $127.00 target price on shares of Children’s Place, Inc. (The) in a research note on Friday, June 9th. Finally, Bank of America Corporation set a $140.00 target price on shares of Children’s Place, Inc. (The) and gave the company a buy rating in a research note on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $125.00.
In other Children’s Place, Inc. (The) news, insider Michael Scarpa sold 37,231 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 59,084 shares in the company, valued at $6,385,798.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Low sold 14,517 shares of the company’s stock in a transaction dated 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 owns 33,565 shares of the company’s stock, valued at $3,659,927.60. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
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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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