Zacks: Analysts Expect Children’s Place, Inc. (The) (PLCE) Will Post Quarterly Sales of $479.30 Million

Analysts predict that Children’s Place, Inc. (The) (NASDAQ:PLCE) will announce $479.30 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Children’s Place, Inc. (The)’s earnings. The highest sales estimate is $485.90 million and the lowest is $472.70 million. Children’s Place, Inc. (The) posted sales of $473.78 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings report on Thursday, November 16th.

According to Zacks, analysts expect that Children’s Place, Inc. (The) will report full year sales of $479.30 million for the current financial year, with estimates ranging from $1.83 billion to $1.84 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.85 billion per share, with estimates ranging from $1.81 billion to $1.88 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Children’s Place, Inc. (The).

Children’s Place, Inc. (The) (NASDAQ:PLCE) last issued its earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.11. The company had revenue of $373.60 million during the quarter, compared to analyst estimates of $376.53 million. Children’s Place, Inc. (The) had a net margin of 7.14% and a return on equity of 26.01%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS.

Several equities research analysts have recently issued reports on PLCE shares. FBR & Co reissued an “outperform” rating and set a $127.00 price objective on shares of Children’s Place, Inc. (The) in a research report on Friday, June 9th. BidaskClub downgraded shares of Children’s Place, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Telsey Advisory Group raised shares of Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Monday, June 26th. Morgan Stanley increased their price objective on shares of Children’s Place, Inc. (The) from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, May 22nd. Finally, BMO Capital Markets set a $112.00 price objective on shares of Children’s Place, Inc. (The) and gave the stock a “hold” rating in a research report on Sunday, September 10th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $125.00.

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A number of institutional investors and hedge funds have recently made changes to their positions in PLCE. Strs Ohio lifted its stake in Children’s Place, Inc. (The) by 150.0% in the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock valued at $120,000 after acquiring an additional 600 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Children’s Place, Inc. (The) by 11.6% in the first quarter. Wells Fargo & Company MN now owns 71,764 shares of the company’s stock valued at $8,615,000 after acquiring an additional 7,453 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Children’s Place, Inc. (The) in the first quarter valued at $624,000. Great West Life Assurance Co. Can lifted its stake in Children’s Place, Inc. (The) by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 25,605 shares of the company’s stock valued at $3,073,000 after acquiring an additional 1,599 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in Children’s Place, Inc. (The) by 10.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,634 shares of the company’s stock valued at $1,277,000 after acquiring an additional 994 shares during the last quarter.

Shares of Children’s Place, Inc. (NASDAQ PLCE) traded down 0.22% during midday trading on Friday, hitting $111.10. 653,888 shares of the company’s stock were exchanged. Children’s Place, Inc. has a 52 week low of $70.90 and a 52 week high of $125.30. The company has a 50-day moving average of $107.48 and a 200-day moving average of $109.31. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 15.89 and a beta of 0.31.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, September 11th. Children’s Place, Inc. (The)’s payout ratio is 22.92%.

About Children’s Place, Inc. (The)

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 Children`s Place, Inc. (The) (NASDAQ:PLCE)

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