Childrens Place Inc (NASDAQ:PLCE) – Stock analysts at Wedbush lowered their FY2020 earnings per share (EPS) estimates for Childrens Place in a report released on Monday, May 13th. Wedbush analyst J. Redding now expects that the company will earn $5.95 per share for the year, down from their previous estimate of $6.08. Wedbush has a “Outperform” rating and a $130.00 price objective on the stock. Wedbush also issued estimates for Childrens Place’s Q4 2020 earnings at $2.64 EPS.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.89. The business had revenue of $412.40 million during the quarter, compared to analysts’ expectations of $399.40 million. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company posted $1.87 earnings per share.
A number of other research firms have also weighed in on PLCE. BidaskClub upgraded shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $126.00 price objective (up previously from $100.00) on shares of Childrens Place in a research note on Monday. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Bank of America reiterated a “neutral” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Childrens Place in a research note on Wednesday, May 1st. Finally, B. Riley set a $122.00 price objective on shares of Childrens Place and gave the stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $123.67.
NASDAQ PLCE opened at $104.37 on Wednesday. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 2.41 and a beta of 0.69. Childrens Place has a 12-month low of $82.05 and a 12-month high of $160.23.
A number of hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund grew its position in Childrens Place by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 6,272 shares of the company’s stock valued at $610,000 after buying an additional 113 shares during the period. Eqis Capital Management Inc. grew its position in Childrens Place by 2.4% during the fourth quarter. Eqis Capital Management Inc. now owns 5,357 shares of the company’s stock valued at $483,000 after buying an additional 124 shares during the period. Mason Street Advisors LLC grew its position in Childrens Place by 3.4% during the first quarter. Mason Street Advisors LLC now owns 5,201 shares of the company’s stock valued at $506,000 after buying an additional 172 shares during the period. Rhumbline Advisers grew its position in Childrens Place by 0.4% during the first quarter. Rhumbline Advisers now owns 47,699 shares of the company’s stock valued at $4,640,000 after buying an additional 178 shares during the period. Finally, Sapphire Star Partners LP grew its position in Childrens Place by 2.6% during the fourth quarter. Sapphire Star Partners LP now owns 7,519 shares of the company’s stock valued at $677,000 after buying an additional 193 shares during the period.
In related news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.10% of the stock is currently owned by company insiders.
The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, April 12th. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio (DPR) is currently 33.19%.
About Childrens Place
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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