Zacks: Analysts Expect Childrens Place Inc (PLCE) Will Announce Quarterly Sales of $372.50 Million

Wall Street brokerages expect that Childrens Place Inc (NASDAQ:PLCE) will announce $372.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Childrens Place’s earnings, with the highest sales estimate coming in at $374.50 million and the lowest estimate coming in at $370.50 million. Childrens Place posted sales of $371.42 million in the same quarter last year, which suggests a positive year over year growth rate of 0.3%. The firm is scheduled to announce its next earnings report on Wednesday, August 16th.

On average, analysts expect that Childrens Place will report full year sales of $372.50 million for the current financial year. For the next fiscal year, analysts expect that the firm will report sales of $1.87 billion per share, with estimates ranging from $1.87 billion to $1.88 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Childrens Place.

Childrens Place (NASDAQ:PLCE) last released its earnings results on Thursday, May 18th. The company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.31. The company had revenue of $436.70 million for the quarter, compared to analyst estimates of $422.51 million. Childrens Place had a return on equity of 18.24% and a net margin of 4.86%. Childrens Place’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 EPS.

A number of equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Childrens Place from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, May 22nd. ValuEngine raised Childrens Place from a “hold” rating to a “buy” rating in a research report on Friday, May 19th. BMO Capital Markets set a $112.00 price target on Childrens Place and gave the stock a “hold” rating in a research report on Thursday, May 18th. FBR & Co set a $127.00 price target on Childrens Place and gave the stock a “buy” rating in a research report on Thursday, May 18th. Finally, Citigroup Inc reaffirmed a “neutral” rating and set a $122.00 price target (up from $111.00) on shares of Childrens Place in a research report on Saturday, March 11th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Childrens Place presently has a consensus rating of “Buy” and an average target price of $119.08.

Childrens Place (NASDAQ:PLCE) traded down 0.18% during mid-day trading on Thursday, hitting $108.00. The stock had a trading volume of 41,646 shares. The stock has a market capitalization of $1.91 billion, a P/E ratio of 17.90 and a beta of 0.41. The company’s 50 day moving average is $113.23 and its 200-day moving average is $107.19. Childrens Place has a 52 week low of $69.98 and a 52 week high of $125.30.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 10th. Shareholders of record on Monday, June 19th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.48%. The ex-dividend date is Thursday, June 15th. Childrens Place’s payout ratio is 17.98%.

In other Childrens Place news, insider Michael Scarpa sold 37,231 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $108.08, for a total value of $4,023,926.48. Following the sale, the insider now directly owns 59,084 shares of the company’s stock, valued at $6,385,798.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kevin Low sold 14,517 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $109.04, for a total transaction of $1,582,933.68. Following the completion of the sale, the senior vice president now directly owns 33,565 shares in the company, valued at $3,659,927.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,052 shares of company stock worth $6,472,238. 1.93% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of PLCE. California State Teachers Retirement System raised its stake in Childrens Place by 1.0% in the third quarter. California State Teachers Retirement System now owns 39,679 shares of the company’s stock valued at $3,169,000 after buying an additional 400 shares during the last quarter. Principal Financial Group Inc. raised its stake in Childrens Place by 2.6% in the third quarter. Principal Financial Group Inc. now owns 140,925 shares of the company’s stock valued at $11,255,000 after buying an additional 3,574 shares during the last quarter. Dynamic Capital Management Ltd raised its stake in Childrens Place by 549.4% in the third quarter. Dynamic Capital Management Ltd now owns 30,754 shares of the company’s stock valued at $2,456,000 after buying an additional 26,018 shares during the last quarter. Weiss Asset Management LP acquired a new stake in Childrens Place during the third quarter valued at approximately $236,000. Finally, UBS Group AG raised its stake in Childrens Place by 65.9% in the third quarter. UBS Group AG now owns 59,152 shares of the company’s stock valued at $4,724,000 after buying an additional 23,506 shares during the last quarter.

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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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