Childrens Place Inc (NASDAQ:PLCE) – Equities researchers at B. Riley lifted their Q4 2018 EPS estimates for Childrens Place in a note issued to investors on Wednesday. B. Riley analyst S. Anderson now expects that the company will post earnings per share of $2.47 for the quarter, up from their previous forecast of $2.12. B. Riley has a “Buy” rating and a $130.00 price objective on the stock. B. Riley also issued estimates for Childrens Place’s Q4 2019 earnings at $2.97 EPS.
Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The company had revenue of $490.00 million during the quarter, compared to the consensus estimate of $480.28 million. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis.
Shares of Childrens Place (PLCE) traded up $0.95 during trading hours on Friday, hitting $158.35. 380,987 shares of the stock traded hands, compared to its average volume of 601,433. The stock has a market cap of $2,750.00, a P/E ratio of 22.46, a PEG ratio of 2.19 and a beta of 0.31. Childrens Place has a twelve month low of $92.95 and a twelve month high of $161.05.
A number of hedge funds have recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC raised its position in Childrens Place by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 224,524 shares of the company’s stock valued at $32,522,000 after purchasing an additional 7,775 shares during the last quarter. TrimTabs Asset Management LLC raised its position in Childrens Place by 17.1% in the 3rd quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock valued at $380,000 after purchasing an additional 471 shares during the last quarter. Shelton Capital Management purchased a new stake in Childrens Place in the 3rd quarter valued at $206,000. Greenlight Capital Inc. purchased a new stake in Childrens Place in the 3rd quarter valued at $7,844,000. Finally, Public Employees Retirement System of Ohio raised its position in Childrens Place by 52.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 64,763 shares of the company’s stock valued at $7,652,000 after purchasing an additional 22,239 shares during the last quarter.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $1.60 annualized dividend and a yield of 1.01%. Childrens Place’s dividend payout ratio (DPR) is 22.70%.
Childrens Place Company Profile
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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