Children’s Place, Inc. (The) (PLCE) Issues Earnings Results, Beats Expectations By $0.11 EPS

Children’s Place, Inc. (The) (NASDAQ:PLCE) announced its quarterly earnings data on Wednesday. The company reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.11, Bloomberg Earnings reports. Children’s Place, Inc. (The) had a return on equity of 23.00% and a net margin of 6.25%. The business had revenue of $373.60 million for the quarter, compared to analysts’ expectations of $376.53 million. During the same period in the previous year, the business posted ($0.01) EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. Children’s Place, Inc. (The) updated its Q3 guidance to $2.41-2.46 EPS and its FY18 guidance to $7.23-7.33 EPS.

Shares of Children’s Place, Inc. (NASDAQ:PLCE) opened at 112.60 on Thursday. The company has a market capitalization of $1.99 billion, a PE ratio of 18.67 and a beta of 0.33. Children’s Place, Inc. has a 12 month low of $70.90 and a 12 month high of $125.30. The stock’s 50 day moving average price is $105.03 and its 200 day moving average price is $107.94.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. Children’s Place, Inc. (The)’s dividend payout ratio is presently 26.32%.

In related news, insider Michael Scarpa sold 37,231 shares of Children’s Place, Inc. (The) stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $108.08, for a total transaction of $4,023,926.48. Following the sale, the insider now owns 59,084 shares of the company’s stock, valued at approximately $6,385,798.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kevin Low sold 14,517 shares of Children’s Place, Inc. (The) stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $109.04, for a total value of $1,582,933.68. Following the sale, the senior vice president now directly owns 33,565 shares in the company, valued at approximately $3,659,927.60. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Old Mutual Global Investors UK Ltd. increased its stake in shares of Children’s Place, Inc. (The) by 44.2% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 262,532 shares of the company’s stock valued at $31,516,000 after buying an additional 80,457 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Children’s Place, Inc. (The) by 18.2% in the first quarter. Russell Investments Group Ltd. now owns 211,013 shares of the company’s stock valued at $25,332,000 after buying an additional 32,539 shares during the period. Strs Ohio increased its stake in shares of Children’s Place, Inc. (The) by 150.0% in the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock valued at $120,000 after buying an additional 600 shares during the period. Sapphire Star Partners LP increased its stake in shares of Children’s Place, Inc. (The) by 8.8% in the first quarter. Sapphire Star Partners LP now owns 3,334 shares of the company’s stock valued at $400,000 after buying an additional 271 shares during the period. Finally, Sawgrass Asset Management LLC acquired a new stake in shares of Children’s Place, Inc. (The) during the first quarter valued at about $495,000.

TRADEMARK VIOLATION WARNING: This article was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://sportsperspectives.com/2017/08/10/childrens-place-inc-the-plce-issues-earnings-results-beats-expectations-by-0-11-eps.html.

PLCE has been the topic of a number of research reports. BidaskClub upgraded Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Bank of America Corporation set a $140.00 price objective on Children’s Place, Inc. (The) and gave the company a “buy” rating in a research note on Tuesday, June 13th. FBR & Co set a $127.00 price objective on Children’s Place, Inc. (The) and gave the company a “buy” rating in a research note on Thursday, May 18th. ValuEngine upgraded Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Finally, BMO Capital Markets set a $112.00 price objective on Children’s Place, Inc. (The) and gave the company a “hold” rating in a research note on Thursday, May 18th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Children’s Place, Inc. (The) currently has an average rating of “Buy” and a consensus target price of $125.00.

Children’s Place, Inc. (The) Company Profile

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.

Earnings History for Children`s Place, Inc. (The) (NASDAQ:PLCE)

Receive News & Ratings for Children's Place Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Children's Place Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply