Children’s Place (PLCE) Set to Announce Earnings on Thursday

Children’s Place (NASDAQ:PLCEGet Rating) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 19th. Analysts expect Children’s Place to announce earnings of $1.66 per share for the quarter.

Children’s Place (NASDAQ:PLCEGet Rating) last announced its quarterly earnings data on Wednesday, March 9th. The company reported $3.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.82 by $0.20. The company had revenue of $507.80 million for the quarter, compared to analysts’ expectations 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 revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. On average, analysts expect Children’s Place to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Shares of PLCE stock opened at $46.95 on Tuesday. Children’s Place has a one year low of $43.26 and a one year high of $113.50. The stock has a market cap of $634.76 million, a P/E ratio of 3.73 and a beta of 2.00. The company has a fifty day moving average price of $50.52 and a two-hundred day moving average price of $68.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.98 and a quick ratio of 0.26.

Several research firms have issued reports on PLCE. Telsey Advisory Group dropped their price objective on Children’s Place from $130.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, March 7th. Citigroup decreased their price objective on shares of Children’s Place from $72.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, March 10th. B. Riley reduced their target price on shares of Children’s Place from $105.00 to $84.00 in a report on Tuesday. TheStreet cut shares of Children’s Place from a “b-” rating to a “c+” rating in a report on Wednesday, February 16th. Finally, UBS Group reduced their price objective on Children’s Place from $85.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, March 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $94.43.

In other news, Director John E. Bachman bought 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 23rd. The shares were acquired at an average price of $48.83 per share, for a total transaction of $122,075.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.57% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in PLCE. Captrust Financial Advisors lifted its holdings in shares of Children’s Place by 125.4% in the first quarter. Captrust Financial Advisors now owns 888 shares of the company’s stock valued at $44,000 after purchasing an additional 494 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Children’s Place by 46.5% during the 1st quarter. Hsbc Holdings PLC now owns 4,733 shares of the company’s stock worth $235,000 after acquiring an additional 1,503 shares during the period. Royal Bank of Canada increased its stake in shares of Children’s Place by 22.1% in the third quarter. Royal Bank of Canada now owns 3,388 shares of the company’s stock worth $256,000 after purchasing an additional 613 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Children’s Place by 426.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 5,505 shares of the company’s stock valued at $271,000 after buying an additional 4,459 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of Children’s Place by 36.9% in the fourth quarter. LPL Financial LLC now owns 4,334 shares of the company’s stock valued at $344,000 after purchasing an additional 1,168 shares in the last quarter. 99.58% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History for Children's Place (NASDAQ:PLCE)

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