Childrens Place Inc (NASDAQ:PLCE) – Stock analysts at Oppenheimer raised their FY2018 EPS estimates for shares of Childrens Place in a report released on Wednesday. Oppenheimer analyst A. Andreeva now anticipates that the company will earn $7.85 per share for the year, up from their prior forecast of $7.58. Oppenheimer also issued estimates for Childrens Place’s Q4 2018 earnings at $2.46 EPS and Q3 2019 earnings at $2.93 EPS.
Several other research firms have also recently issued reports on PLCE. Chardan Capital reissued a “buy” rating and issued a $156.00 target price (up from $130.00) on shares of Childrens Place in a research report on Wednesday. SunTrust Banks raised their price target on shares of Childrens Place to $157.00 and gave the company a “hold” rating in a report on Tuesday. They noted that the move was a valuation call. Telsey Advisory Group raised their price target on shares of Childrens Place from $140.00 to $164.00 and gave the company an “outperform” rating in a report on Tuesday, January 2nd. BMO Capital Markets set a $130.00 price target on shares of Childrens Place and gave the company a “hold” rating in a report on Tuesday, December 19th. Finally, BidaskClub upgraded shares of Childrens Place from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $139.15.
Childrens Place (NASDAQ PLCE) traded up $0.95 on Friday, hitting $158.35. 380,987 shares of the company traded hands, compared to its average volume of 442,791. Childrens Place has a twelve month low of $92.95 and a twelve month high of $161.05. The firm has a market capitalization of $2,738.06, a PE ratio of 21.65, a PEG ratio of 2.23 and a beta of 0.31.
Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, November 15th. The company reported $2.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The business had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $480.28 million. During the same period last year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th were issued 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 payout ratio is 22.66%.
A number of hedge funds and other institutional investors have recently bought and sold shares of PLCE. Copper Rock Capital Partners LLC raised its stake in shares of Childrens Place by 3.6% during the fourth 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 period. TrimTabs Asset Management LLC raised its stake in shares of Childrens Place by 17.1% during the third 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 period. Shelton Capital Management purchased a new stake in shares of Childrens Place during the third quarter valued at approximately $206,000. Greenlight Capital Inc. purchased a new stake in shares of Childrens Place during the third quarter valued at approximately $7,844,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Childrens Place by 52.3% during the third 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 period.
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About Childrens Place
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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