Childrens Place (PLCE) Releases Q4 Earnings Guidance
Childrens Place (NASDAQ:PLCE) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.07-2.17 for the period, compared to the Thomson Reuters consensus estimate of $2.64. The company issued revenue guidance of $547-552 million, compared to the consensus revenue estimate of $567.05 million.Childrens Place also updated its FY 2018 guidance to $7.69-7.79 EPS.
A number of research firms have weighed in on PLCE. ValuEngine upgraded Childrens Place from a hold rating to a buy rating in a report on Tuesday, October 23rd. Citigroup upped their price target on Childrens Place from $154.00 to $167.00 and gave the stock a buy rating in a report on Monday. BidaskClub upgraded Childrens Place from a hold rating to a buy rating in a report on Wednesday, August 22nd. B. Riley restated a buy rating on shares of Childrens Place in a report on Wednesday, November 14th. Finally, Bank of America upgraded Childrens Place from an underperform rating to a neutral rating in a report on Tuesday, October 2nd. They noted that the move was a valuation call. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Childrens Place currently has a consensus rating of Buy and an average target price of $150.70.
Childrens Place stock opened at $111.19 on Thursday. The company has a market cap of $2.02 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.85 and a beta of 0.17. Childrens Place has a 52 week low of $112.55 and a 52 week high of $161.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. Childrens Place’s dividend payout ratio (DPR) is currently 25.28%.
Childrens Place Company Profile
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, accessories, footwear, 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.
Further Reading: Stock Symbol
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