Childrens Place (NASDAQ:PLCE) announced its earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.89, MarketWatch Earnings reports. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The firm had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. During the same quarter in the prior year, the company earned $1.87 EPS. The business’s revenue was down 5.5% compared to the same quarter last year.
Shares of PLCE opened at $105.00 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31. Childrens Place has a 12 month low of $82.05 and a 12 month high of $160.23. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 15.56, a price-to-earnings-growth ratio of 2.31 and a beta of 0.69.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Monday, June 17th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its stake in 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 during the last quarter. Wellington Management Group LLP boosted its stake in Childrens Place by 15.8% during the 1st quarter. Wellington Management Group LLP now owns 815,664 shares of the company’s stock valued at $79,348,000 after purchasing an additional 111,120 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Childrens Place by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 762,641 shares of the company’s stock valued at $68,708,000 after purchasing an additional 6,015 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in Childrens Place during the 1st quarter valued at $71,212,000. Finally, Royce & Associates LP boosted its stake in Childrens Place by 24.9% during the 1st quarter. Royce & Associates LP now owns 625,100 shares of the company’s stock valued at $60,810,000 after purchasing an additional 124,540 shares during the last quarter.
PLCE has been the subject of several research reports. BidaskClub lowered Childrens Place from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. B. Riley decreased their target price on Childrens Place from $167.00 to $122.00 and set a “buy” rating for the company in a research report on Tuesday, March 5th. ValuEngine raised Childrens Place from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. Citigroup lowered Childrens Place from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $130.00 to $97.00 in a research report on Tuesday, February 26th. Finally, Deutsche Bank initiated coverage on Childrens Place in a research report on Tuesday, April 16th. They issued a “hold” rating and a $103.00 target price for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $124.67.
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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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