Brokerages Expect Childrens Place Inc (NASDAQ:PLCE) Will Announce Earnings of $1.58 Per Share

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Wall Street brokerages predict that Childrens Place Inc (NASDAQ:PLCE) will announce $1.58 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Childrens Place’s earnings, with estimates ranging from $1.48 to $1.67. Childrens Place reported earnings of $1.10 per share in the same quarter last year, which indicates a positive year over year growth rate of 43.6%. The company is scheduled to report its next quarterly earnings report on Monday, March 2nd.

According to Zacks, analysts expect that Childrens Place will report full year earnings of $5.13 per share for the current year, with EPS estimates ranging from $5.00 to $5.24. For the next year, analysts expect that the company will report earnings of $6.26 per share, with EPS estimates ranging from $5.47 to $7.36. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Childrens Place.

Childrens Place (NASDAQ:PLCE) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $3.03 EPS for the quarter, topping the Zacks’ consensus estimate of $3.02 by $0.01. Childrens Place had a return on equity of 26.84% and a net margin of 3.23%. The company had revenue of $524.80 million during the quarter, compared to analysts’ expectations of $534.09 million. During the same quarter in the previous year, the firm posted $3.07 EPS. The firm’s revenue was up .4% compared to the same quarter last year.

Several brokerages have recently issued reports on PLCE. Bank of America cut Childrens Place from a “neutral” rating to an “underperform” rating and set a $45.00 price objective for the company. in a report on Thursday, December 12th. B. Riley raised Childrens Place to a “buy” rating and set a $59.00 price objective for the company in a report on Friday, January 10th. Odeon Capital Group began coverage on Childrens Place in a report on Thursday, January 23rd. They issued a “buy” rating and a $87.00 price objective for the company. Barclays reissued a “hold” rating and issued a $55.00 price objective on shares of Childrens Place in a report on Thursday, December 12th. Finally, DA Davidson decreased their price objective on Childrens Place from $135.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $79.23.

In other Childrens Place news, CEO Jane T. Elfers purchased 18,100 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $55.54 per share, for a total transaction of $1,005,274.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John E. Bachman purchased 2,800 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $55.80 per share, with a total value of $156,240.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 35,900 shares of company stock valued at $2,020,014. Insiders own 3.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Isthmus Partners LLC increased its stake in shares of Childrens Place by 2.4% in the 4th quarter. Isthmus Partners LLC now owns 10,698 shares of the company’s stock valued at $669,000 after purchasing an additional 251 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Childrens Place by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 23,942 shares of the company’s stock valued at $1,843,000 after purchasing an additional 286 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Childrens Place by 229.5% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 570 shares of the company’s stock valued at $55,000 after purchasing an additional 397 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Childrens Place by 8.8% in the 4th quarter. Synovus Financial Corp now owns 5,717 shares of the company’s stock valued at $360,000 after purchasing an additional 464 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its stake in shares of Childrens Place by 1.2% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 43,127 shares of the company’s stock valued at $2,695,000 after purchasing an additional 524 shares in the last quarter.

Shares of PLCE stock traded down $2.56 on Friday, hitting $69.18. The company had a trading volume of 641,135 shares, compared to its average volume of 426,367. The firm has a market cap of $1.08 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.40 and a beta of 0.72. The company has a 50-day moving average price of $65.43 and a 200-day moving average price of $73.78. The company has a quick ratio of 0.19, a current ratio of 0.78 and a debt-to-equity ratio of 1.30. Childrens Place has a twelve month low of $53.62 and a twelve month high of $116.84.

About Childrens Place

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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