Zacks: Analysts Anticipate Childrens Place Inc (NASDAQ:PLCE) Will Post Quarterly Sales of $428.49 Million

Brokerages expect Childrens Place Inc (NASDAQ:PLCE) to report $428.49 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Childrens Place’s earnings, with estimates ranging from $419.51 million to $436.05 million. Childrens Place posted sales of $448.72 million during the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, August 22nd.

According to Zacks, analysts expect that Childrens Place will report full year sales of $1.95 billion for the current year, with estimates ranging from $1.92 billion to $2.01 billion. For the next fiscal year, analysts forecast that the business will report sales of $2.02 billion, with estimates ranging from $1.98 billion to $2.05 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Childrens Place.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.89. Childrens Place had a net margin of 3.86% and a return on equity of 27.26%. The firm had revenue of $412.40 million during the quarter, compared to the consensus estimate of $399.40 million. During the same period in the previous year, the firm posted $1.87 earnings per share. The business’s revenue was down 5.5% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. TheStreet downgraded shares of Childrens Place from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. BidaskClub downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. ValuEngine downgraded shares of Childrens Place from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Citigroup boosted their target price on shares of Childrens Place from $90.00 to $106.00 and gave the stock a “neutral” rating in a research report on Thursday, May 16th. Finally, B. Riley set a $122.00 target price on shares of Childrens Place and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $124.67.

In related news, VP Robert F. Helm sold 227 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total transaction of $25,149.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Claudia Lima-Guinehut sold 932 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $107.00, for a total transaction of $99,724.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in PLCE. Arizona State Retirement System boosted its holdings in Childrens Place by 4.8% during the fourth quarter. Arizona State Retirement System now owns 24,939 shares of the company’s stock worth $2,247,000 after purchasing an additional 1,149 shares during the last quarter. Xact Kapitalforvaltning AB purchased a new position in Childrens Place during the fourth quarter worth about $234,000. Crossmark Global Holdings Inc. boosted its holdings in Childrens Place by 32.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 3,548 shares of the company’s stock worth $320,000 after purchasing an additional 870 shares during the last quarter. Rhumbline Advisers boosted its holdings in Childrens Place by 19.4% during the fourth quarter. Rhumbline Advisers now owns 47,521 shares of the company’s stock worth $4,281,000 after purchasing an additional 7,716 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Childrens Place during the fourth quarter worth about $1,787,000.

NASDAQ:PLCE opened at $96.44 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.79 and a debt-to-equity ratio of 1.31. The stock has a market cap of $1.50 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. Childrens Place has a one year low of $82.05 and a one year high of $160.23.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Monday, June 17th. Childrens Place’s payout ratio is presently 33.19%.

Childrens Place Company Profile

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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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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