Children’s Place, Inc. (The) (NASDAQ:PLCE) posted its quarterly earnings data on Wednesday. The company reported $2.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.47 by $0.11, Bloomberg Earnings reports. Children’s Place, Inc. (The) had a return on equity of 26.58% and a net margin of 7.07%. The firm had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $480.28 million. During the same period in the previous year, the firm earned $2.29 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Children’s Place, Inc. (The) updated its Q4 guidance to $2.07-2.12 EPS.
Shares of Children’s Place, Inc. (PLCE) opened at $123.95 on Friday. The stock has a market capitalization of $2,128.25, a P/E ratio of 16.60, a P/E/G ratio of 1.80 and a beta of 0.27. Children’s Place, Inc. has a 12 month low of $92.95 and a 12 month high of $125.30.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Wednesday, December 13th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Tuesday, December 12th. Children’s Place, Inc. (The)’s dividend payout ratio (DPR) is presently 22.66%.
A number of research analysts have recently weighed in on the company. BidaskClub raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. 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 report on Sunday, September 10th. B. Riley reaffirmed a “buy” rating on shares of Children’s Place, Inc. (The) in a research report on Wednesday, November 1st. Buckingham Research lifted their price objective on Children’s Place, Inc. (The) from $139.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Telsey Advisory Group lifted their price objective on Children’s Place, Inc. (The) from $135.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $130.92.
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About Children’s Place, Inc. (The)
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.
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