Brokerages Anticipate Childrens Place Inc (NASDAQ:PLCE) Will Post Quarterly Sales of $537.33 Million

Analysts expect that Childrens Place Inc (NASDAQ:PLCE) will post $537.33 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Childrens Place’s earnings, with the lowest sales estimate coming in at $531.43 million and the highest estimate coming in at $548.01 million. Childrens Place reported sales of $522.50 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.8%. The company is scheduled to issue its next quarterly earnings results on Thursday, December 5th.

According to Zacks, analysts expect that Childrens Place will report full-year sales of $1.94 billion for the current year, with estimates ranging from $1.92 billion to $1.99 billion. For the next year, analysts anticipate that the firm will report sales of $2.00 billion, with estimates ranging from $1.98 billion to $2.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Childrens Place.

Childrens Place (NASDAQ:PLCE) last announced its earnings results on Wednesday, August 21st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Childrens Place had a net margin of 3.60% and a return on equity of 26.03%. The company had revenue of $420.50 million during the quarter, compared to analyst estimates of $428.28 million. During the same period in the previous year, the business posted $0.70 earnings per share. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Wedbush set a $130.00 target price on shares of Childrens Place and gave the stock a “buy” rating in a report on Friday, June 21st. Deutsche Bank raised shares of Childrens Place from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a report on Thursday, August 15th. Bank of America set a $115.00 target price on shares of Childrens Place and gave the stock a “hold” rating in a report on Monday, August 12th. Citigroup boosted their price target on shares of Childrens Place from $90.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, TheStreet cut shares of Childrens Place from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. Childrens Place currently has an average rating of “Buy” and an average target price of $116.00.

A number of hedge funds have recently bought and sold shares of the business. FMR LLC increased its position in Childrens Place by 65.4% during the first quarter. FMR LLC now owns 2,115,024 shares of the company’s stock valued at $205,749,000 after acquiring an additional 836,154 shares during the last quarter. Vanguard Group Inc. increased its position in Childrens Place by 0.6% during the second quarter. Vanguard Group Inc. now owns 1,648,768 shares of the company’s stock valued at $157,259,000 after acquiring an additional 9,423 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Childrens Place by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after acquiring an additional 6,015 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in Childrens Place during the first quarter valued at $71,212,000. Finally, Royce & Associates LP increased its position in Childrens Place by 24.9% during the first quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock valued at $60,810,000 after acquiring an additional 124,540 shares during the last quarter.

NASDAQ:PLCE traded down $3.52 during trading hours on Tuesday, hitting $78.45. 1,223,889 shares of the stock traded hands, compared to its average volume of 1,068,664. Childrens Place has a 1 year low of $70.43 and a 1 year high of $160.23. The stock has a 50 day moving average price of $90.81 and a 200 day moving average price of $96.19. The company has a quick ratio of 0.22, a current ratio of 0.77 and a debt-to-equity ratio of 1.37. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 23rd will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, September 20th. Childrens Place’s dividend payout ratio (DPR) is 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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