Zacks: Analysts Expect The Children’s Place, Inc. (NASDAQ:PLCE) Will Post Earnings of $1.66 Per Share

Equities analysts forecast that The Children’s Place, Inc. (NASDAQ:PLCE – Get Rating) will announce earnings per share of $1.66 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Children’s Place’s earnings. The highest EPS estimate is $1.84 and the lowest is $1.47. Children’s Place posted earnings per share of $3.25 in the same quarter last year, which suggests a negative year-over-year growth rate of 48.9%. The company is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Children’s Place will report full-year earnings of $11.39 per share for the current financial year, with EPS estimates ranging from $11.25 to $11.52. For the next year, analysts expect that the business will report earnings of $11.86 per share, with EPS estimates ranging from $11.66 to $12.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Children’s Place.

Children’s Place (NASDAQ:PLCE – Get Rating) last released its quarterly earnings data on Wednesday, March 9th. The company reported $3.02 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.17. The firm had revenue of $507.80 million during the quarter, compared to analyst estimates of $537.73 million. Children’s Place had a return on equity of 104.74% and a net margin of 9.77%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share.

PLCE has been the topic of several analyst reports. Telsey Advisory Group cut their price target on shares of Children’s Place from $130.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, March 7th. TheStreet lowered shares of Children’s Place from a “b-” rating to a “c+” rating in a research note on Wednesday, February 16th. StockNews.com assumed coverage on Children’s Place in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup decreased their price objective on Children’s Place from $72.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, March 10th. Finally, B. Riley lowered their target price on shares of Children’s Place from $122.00 to $105.00 and set a “buy” rating for the company in a research note on Thursday, March 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $97.43.

In other news, Director John E. Bachman acquired 2,500 shares of the company’s stock in a transaction on Wednesday, March 23rd. The shares were bought at an average cost of $48.83 per share, with a total value of $122,075.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.01% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PLCE. First Trust Advisors LP boosted its holdings in Children’s Place by 98.8% in the first quarter. First Trust Advisors LP now owns 10,020 shares of the company’s stock valued at $975,000 after purchasing an additional 4,979 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in shares of Children’s Place by 12.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 13,865 shares of the company’s stock worth $1,349,000 after buying an additional 1,502 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Children’s Place by 21.7% in the 2nd quarter. Morgan Stanley now owns 216,030 shares of the company’s stock valued at $20,103,000 after buying an additional 38,552 shares in the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of Children’s Place in the 3rd quarter valued at $444,000. Finally, SG Americas Securities LLC raised its stake in Children’s Place by 226.2% during the 3rd quarter. SG Americas Securities LLC now owns 15,540 shares of the company’s stock worth $1,170,000 after acquiring an additional 10,776 shares in the last quarter.

PLCE traded down $2.05 during trading hours on Friday, hitting $51.70. The company’s stock had a trading volume of 448,743 shares, compared to its average volume of 587,073. The business’s 50-day moving average price is $56.82 and its 200-day moving average price is $73.95. Children’s Place has a 12 month low of $47.38 and a 12 month high of $113.50. The company has a current ratio of 0.98, a quick ratio of 0.26 and a debt-to-equity ratio of 0.22. The stock has a market cap of $698.98 million, a price-to-earnings ratio of 4.11 and a beta of 2.11.

About Children’s Place (Get Rating)

The Children's Place, Inc operates as a children's specialty apparel retailer. The company operates in 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, Baby Place, Gymboree, and Sugar & Jade brand names.

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