Childrens Place Inc (NASDAQ:PLCE) Expected to Post FY2018 Earnings of $7.88 Per Share

Childrens Place Inc (NASDAQ:PLCE) – Stock analysts at SunTrust Banks increased their FY2018 earnings per share estimates for shares of Childrens Place in a report released on Monday, according to Zacks Investment Research. SunTrust Banks analyst P. Quintiliano now anticipates that the company will earn $7.88 per share for the year, up from their previous forecast of $7.53. SunTrust Banks has a “Hold” rating and a $157.00 price objective on the stock. SunTrust Banks also issued estimates for Childrens Place’s Q1 2019 earnings at $2.29 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $2.95 EPS, Q4 2019 earnings at $2.67 EPS and FY2019 earnings at $8.49 EPS.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.12. The firm had revenue of $490.00 million during the quarter, compared to analyst estimates of $480.28 million. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 EPS.

Several other equities research analysts have also commented on PLCE. FBR & Co reissued a “buy” rating and issued a $127.00 price target on shares of Childrens Place in a report on Monday, October 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $112.00 target price on shares of Childrens Place in a report on Thursday, November 2nd. B. Riley reaffirmed a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. ValuEngine raised shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Telsey Advisory Group upped their target price on shares of Childrens Place from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Childrens Place currently has an average rating of “Buy” and a consensus target price of $139.15.

Shares of Childrens Place (NASDAQ:PLCE) traded down $4.80 during midday trading on Wednesday, reaching $153.55. 509,600 shares of the company traded hands, compared to its average volume of 592,250. The stock has a market cap of $2,720.00, a price-to-earnings ratio of 21.78, a PEG ratio of 2.24 and a beta of 0.31. Childrens Place has a 12 month low of $92.95 and a 12 month high of $161.65.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.04%. Childrens Place’s dividend payout ratio (DPR) is presently 22.70%.

Large investors have recently modified their holdings of the business. Profund Advisors LLC increased its stake in Childrens Place by 18.0% during the second quarter. Profund Advisors LLC now owns 3,045 shares of the company’s stock worth $311,000 after purchasing an additional 465 shares during the period. Stifel Financial Corp increased its stake in shares of Childrens Place by 42.7% during the second quarter. Stifel Financial Corp now owns 36,929 shares of the company’s stock worth $3,773,000 after buying an additional 11,056 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Childrens Place during the third quarter worth approximately $680,000. Vanguard Group Inc. increased its stake in shares of Childrens Place by 1.3% during the second quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock worth $247,660,000 after buying an additional 32,057 shares during the period. Finally, Boston Advisors LLC purchased a new stake in shares of Childrens Place during the third quarter worth approximately $10,325,000.

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About Childrens Place

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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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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