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.
COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Expect Childrens Place Inc (PLCE) Will Announce Quarterly Sales of $372.50 Million” was reported by sleekmoney and is the sole property of of sleekmoney. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://sleekmoney.com/zacks-analysts-expect-childrens-place-inc-plce-will-announce-quarterly-sales-of-372-50-million/1871226.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/zacks-analysts-expect-childrens-place-inc-plce-will-announce-quarterly-sales-of-372-50-million/1871226.html
Receive News & Ratings for Childrens Place Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Childrens Place Inc and related companies with MarketBeat.com's FREE daily email newsletter.