Childrens Place (NASDAQ:PLCE) posted its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Briefing.com reports. Childrens Place had a net margin of 3.60% and a return on equity of 24.71%. The company had revenue of $420.50 million during the quarter, compared to analyst estimates of $428.28 million. During the same period last year, the firm posted $0.70 EPS. Childrens Place’s revenue for the quarter was down 6.3% compared to the same quarter last year.
NASDAQ:PLCE opened at $78.45 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.22. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 1.60 and a beta of 0.83. The company has a 50 day moving average price of $90.81 and a 200-day moving average price of $96.19. Childrens Place has a 1-year low of $70.43 and a 1-year high of $160.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, September 20th. Childrens Place’s dividend payout ratio (DPR) is 33.19%.
Several large investors have recently bought and sold shares of PLCE. FMR LLC increased its holdings in shares of Childrens Place by 65.4% during the 1st quarter. FMR LLC now owns 2,115,024 shares of the company’s stock valued at $205,749,000 after purchasing an additional 836,154 shares in the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of Childrens Place during the 1st quarter valued at approximately $71,212,000. Balyasny Asset Management LLC increased its holdings in shares of Childrens Place by 293.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 497,064 shares of the company’s stock valued at $47,410,000 after purchasing an additional 370,870 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Childrens Place during the 1st quarter valued at approximately $31,900,000. Finally, Norges Bank purchased a new position in shares of Childrens Place during the 4th quarter valued at approximately $22,982,000.
A number of equities analysts have issued reports on the stock. Monness Crespi & Hardt reduced their price target on shares of Childrens Place from $128.00 to $105.00 and set a “buy” rating for the company in a research report on Thursday. ValuEngine lowered shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. TheStreet lowered shares of Childrens Place from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. Wolfe Research reduced their price target on shares of Childrens Place from $137.00 to $102.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, BidaskClub lowered shares of Childrens Place from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $116.00.
Childrens Place Company Profile
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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