Analysts Expect Childrens Place Inc (PLCE) Will Post Quarterly Sales of $502.17 Million

Equities analysts expect Childrens Place Inc (NASDAQ:PLCE) to report $502.17 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Childrens Place’s earnings. The lowest sales estimate is $490.20 million and the highest is $510.60 million. Childrens Place reported sales of $490.03 million during the same quarter last year, which would suggest a positive year over year growth rate of 2.5%. The company is expected to report its next earnings report on Wednesday, November 21st.

According to Zacks, analysts expect that Childrens Place will report full-year sales of $1.96 billion for the current year, with estimates ranging from $1.94 billion to $1.98 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.01 billion, with estimates ranging from $1.99 billion to $2.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Childrens Place.

Childrens Place (NASDAQ:PLCE) last announced its quarterly earnings data on Thursday, August 23rd. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.11. The business had revenue of $448.70 million for the quarter, compared to analyst estimates of $427.89 million. Childrens Place had a net margin of 3.76% and a return on equity of 33.17%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS.

PLCE has been the topic of several recent analyst reports. Monness Crespi & Hardt upgraded shares of Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a report on Friday, August 24th. They noted that the move was a valuation call. Citigroup raised their price target on shares of Childrens Place from $145.00 to $154.00 and gave the company a “buy” rating in a report on Friday, August 24th. ValuEngine lowered shares of Childrens Place from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. BidaskClub lowered shares of Childrens Place from a “buy” rating to a “hold” rating in a report on Saturday, June 30th. Finally, 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. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Childrens Place has a consensus rating of “Buy” and a consensus target price of $148.91.

In other news, insider Jane T. Elfers sold 100,000 shares of Childrens Place stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $134.93, for a total transaction of $13,493,000.00. Following the sale, the insider now owns 141,491 shares in the company, valued at $19,091,380.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Childrens Place during the second quarter valued at approximately $110,000. Point72 Hong Kong Ltd purchased a new stake in shares of Childrens Place during the second quarter valued at approximately $138,000. BKS Advisors LLC purchased a new stake in shares of Childrens Place during the second quarter valued at approximately $242,000. Cim Investment Mangement Inc. purchased a new stake in shares of Childrens Place during the second quarter valued at approximately $260,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Childrens Place during the second quarter valued at approximately $272,000.

Shares of PLCE stock opened at $129.10 on Friday. The stock has a market cap of $2.10 billion, a PE ratio of 16.32, a P/E/G ratio of 1.96 and a beta of 0.43. Childrens Place has a 1-year low of $99.90 and a 1-year high of $161.65.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Stockholders of record on Wednesday, September 5th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.55%. Childrens Place’s dividend payout ratio is currently 25.28%.

Childrens Place Company Profile

The Children’s Place, Inc engages in the provision of apparel, accessories and footwear for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Place and Baby Place. The company was founded in 1969 and is headquartered in Secaucus, NJ.

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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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