Childrens Place (NASDAQ:PLCE) updated its FY 2018 earnings guidance on Thursday. The company provided earnings per share guidance of $7.69-7.79 for the period. The company issued revenue guidance of $1.955-1.96 billion, compared to the consensus revenue estimate of $1.96 billion.Childrens Place also updated its Q4 guidance to $2.07-2.17 EPS.
A number of equities research analysts have weighed in on the company. Monness Crespi & Hardt lowered their price target on Childrens Place from $165.00 to $150.00 and set a buy rating on the stock in a research report on Friday. Telsey Advisory Group restated an outperform rating and set a $140.00 price target (down previously from $170.00) on shares of Childrens Place in a research report on Friday. BidaskClub downgraded Childrens Place from a hold rating to a sell rating in a research report on Friday. ValuEngine downgraded Childrens Place from a buy rating to a hold rating in a research report on Thursday, September 6th. Finally, B. Riley restated a buy rating on shares of Childrens Place in a research report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Childrens Place presently has a consensus rating of Buy and an average price target of $145.64.
PLCE opened at $102.28 on Friday. The stock has a market capitalization of $1.75 billion, a PE ratio of 13.07, a P/E/G ratio of 1.72 and a beta of 0.17. Childrens Place has a 12 month low of $99.54 and a 12 month high of $161.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be issued a $0.50 dividend. The ex-dividend date is Friday, December 14th. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. Childrens Place’s dividend payout ratio is currently 25.28%.
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About Childrens Place
The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in two segments, The Children's Place U.S. and The Children's Place International. It sells apparel, accessories, footwear, 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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