The Children’s Place (NASDAQ:PLCE) – Equities researchers at B. Riley decreased their Q2 2019 earnings per share (EPS) estimates for The Children’s Place in a note issued to investors on Wednesday. B. Riley analyst S. Anderson now forecasts that the company will earn $0.08 per share for the quarter, down from their prior estimate of $0.39. B. Riley has a “Buy” rating and a $167.00 price target on the stock. B. Riley also issued estimates for The Children’s Place’s FY2019 earnings at $8.20 EPS and FY2020 earnings at $9.80 EPS.

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The Children’s Place (NASDAQ:PLCE) last posted its quarterly earnings results on Tuesday, March 20th. The company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.03. The business had revenue of $570.00 million during the quarter, compared to analyst estimates of $574.09 million. The Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 earnings per share.

Several other research analysts have also weighed in on the company. BidaskClub upgraded The Children’s Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. Telsey Advisory Group increased their price objective on The Children’s Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. SunTrust Banks increased their price objective on The Children’s Place to $157.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. They noted that the move was a valuation call. BMO Capital Markets set a $130.00 price objective on The Children’s Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th. Finally, ValuEngine upgraded The Children’s Place from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $144.91.

Shares of The Children’s Place (PLCE) traded down $4.25 during trading on Friday, reaching $127.75. The company had a trading volume of 552,950 shares, compared to its average volume of 461,594. The stock has a market capitalization of $2,354.49, a price-to-earnings ratio of 27.51, a price-to-earnings-growth ratio of 1.86 and a beta of 0.30. The Children’s Place has a 52 week low of $94.95 and a 52 week high of $161.65.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of The Children’s Place by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,188,019 shares of the company’s stock valued at $318,029,000 after acquiring an additional 60,205 shares in the last quarter. Royce & Associates LP raised its stake in The Children’s Place by 2.4% in the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock valued at $136,104,000 after buying an additional 27,431 shares in the last quarter. APG Asset Management N.V. raised its stake in The Children’s Place by 267.9% in the fourth quarter. APG Asset Management N.V. now owns 336,300 shares of the company’s stock valued at $40,707,000 after buying an additional 244,900 shares in the last quarter. Bank of New York Mellon Corp raised its stake in The Children’s Place by 1.7% in the fourth quarter. Bank of New York Mellon Corp now owns 259,736 shares of the company’s stock valued at $37,752,000 after buying an additional 4,225 shares in the last quarter. Finally, Copper Rock Capital Partners LLC raised its stake in The Children’s Place by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 224,524 shares of the company’s stock valued at $32,522,000 after buying an additional 7,775 shares in the last quarter.

The Children’s Place announced that its board has authorized a share buyback plan on Tuesday, March 20th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be paid a $0.50 dividend. This is a boost from The Children’s Place’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, April 13th. The Children’s Place’s dividend payout ratio (DPR) is presently 34.56%.

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About The Children’s Place

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, 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.

Earnings History and Estimates for The Children`s Place (NASDAQ:PLCE)

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