Childrens Place (PLCE) Posts Quarterly Earnings Results, Hits Estimates

Childrens Place (NASDAQ:PLCE) released its earnings results on Thursday. The company reported $3.07 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $3.07, MarketWatch Earnings reports. Childrens Place had a net margin of 4.00% and a return on equity of 37.97%. The firm had revenue of $522.50 million during the quarter, compared to analyst estimates of $511.19 million. During the same period last year, the business earned $2.58 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis.

Shares of NASDAQ PLCE opened at $102.28 on Friday. The company has a market capitalization of $1.75 billion, a P/E ratio of 13.07, a PEG ratio of 1.72 and a beta of 0.17. Childrens Place has a twelve month low of $99.54 and a twelve month high of $161.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors 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 dividend on an annualized basis and a yield of 1.96%. Childrens Place’s payout ratio is currently 25.28%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its stake in Childrens Place by 2.3% during the 3rd quarter. BlackRock Inc. now owns 2,336,783 shares of the company’s stock valued at $298,641,000 after buying an additional 51,966 shares during the last quarter. FMR LLC raised its stake in Childrens Place by 20.5% during the 3rd quarter. FMR LLC now owns 999,998 shares of the company’s stock valued at $127,799,000 after buying an additional 170,198 shares during the last quarter. LSV Asset Management raised its stake in Childrens Place by 7.0% during the 2nd quarter. LSV Asset Management now owns 757,836 shares of the company’s stock valued at $91,546,000 after buying an additional 49,555 shares during the last quarter. Voya Investment Management LLC raised its stake in Childrens Place by 44.2% during the 2nd quarter. Voya Investment Management LLC now owns 635,588 shares of the company’s stock valued at $76,779,000 after buying an additional 194,722 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Childrens Place by 59.2% during the 3rd quarter. Marshall Wace LLP now owns 429,954 shares of the company’s stock valued at $54,948,000 after buying an additional 159,830 shares during the last quarter.

A number of equities analysts recently weighed in on PLCE shares. BidaskClub lowered shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 8th. Citigroup boosted their price objective on shares of Childrens Place from $145.00 to $154.00 and gave the stock a “buy” rating in a report on Friday, August 24th. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Bank of America upgraded shares of Childrens Place from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Finally, B. Riley restated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $145.64.

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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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Earnings History for Childrens Place (NASDAQ:PLCE)

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