Children’s Place, Inc. (The) (NASDAQ:PLCE) released its quarterly earnings results on Wednesday. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.11, Bloomberg Earnings reports. The company had revenue of $373.60 million during the quarter, compared to the consensus estimate of $376.53 million. Children’s Place, Inc. (The) had a return on equity of 23.00% and a net margin of 6.25%. Children’s Place, Inc. (The)’s revenue was up .6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) earnings per share. 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) traded down 3.369% on Wednesday, reaching $114.025. The company had a trading volume of 869,632 shares. The company has a 50 day moving average price of $104.20 and a 200 day moving average price of $107.57. The stock has a market capitalization of $2.01 billion, a PE ratio of 18.903 and a beta of 0.33. Children’s Place, Inc. has a 52-week low of $70.90 and a 52-week high of $125.30.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 12th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. Children’s Place, Inc. (The)’s payout ratio is currently 26.32%.

A number of brokerages have recently commented on PLCE. 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 Tuesday. BidaskClub raised Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Telsey Advisory Group raised Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Monday, June 26th. FBR & Co reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of Children’s Place, Inc. (The) in a research report on Friday, June 9th. Finally, 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 report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $125.00.

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In other news, SVP Kevin Low sold 14,517 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 33,565 shares of the company’s stock, valued at $3,659,927.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Scarpa sold 37,231 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 59,084 shares in the company, valued at $6,385,798.72. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of PLCE. Strs Ohio boosted its position in 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. LS Investment Advisors LLC raised its stake in shares of Children’s Place, Inc. (The) by 73.8% in the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock valued at $146,000 after buying an additional 518 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Children’s Place, Inc. (The) by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,342 shares of the company’s stock valued at $161,000 after buying an additional 632 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Children’s Place, Inc. (The) during the first quarter valued at $194,000. Finally, 361 Capital LLC purchased a new stake in shares of Children’s Place, Inc. (The) during the first quarter valued at $211,000.

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.

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

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