Q3 2019 EPS Estimates for The Children’s Place Boosted by Analyst (PLCE)
The Children’s Place (NASDAQ:PLCE) – Oppenheimer upped their Q3 2019 earnings per share (EPS) estimates for shares of The Children’s Place in a research report issued on Tuesday. Oppenheimer analyst A. Andreeva now anticipates that the company will post earnings per share of $3.07 for the quarter, up from their previous forecast of $2.93. Oppenheimer also issued estimates for The Children’s Place’s Q4 2019 earnings at $2.72 EPS.
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 the Thomson Reuters’ consensus estimate of $2.49 by $0.03. The company had revenue of $570.00 million for the quarter, compared to analysts’ expectations of $574.09 million. The Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.88 earnings per share.
The Children’s Place stock traded down $1.33 during midday trading on Thursday, hitting $134.02. The company’s stock had a trading volume of 465,151 shares, compared to its average volume of 454,473. The company has a market capitalization of $2,225.76, a PE ratio of 28.98, a P/E/G ratio of 1.76 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 bought and sold shares of PLCE. Harvest Fund Management Co. Ltd bought a new stake in The Children’s Place in the fourth quarter worth $143,000. Cubist Systematic Strategies LLC bought a new stake in The Children’s Place in the third quarter worth $171,000. Everence Capital Management Inc. bought a new stake in The Children’s Place in the fourth quarter worth $202,000. Shelton Capital Management bought a new stake in The Children’s Place in the third quarter worth $206,000. Finally, ARP Americas LP bought a new stake in The Children’s Place in the fourth quarter worth $206,000.
The business also recently declared 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 an increase from The Children’s Place’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.49%. The Children’s Place’s dividend payout ratio is 34.56%.
The Children’s Place announced that its Board of Directors has initiated a share buyback program on Tuesday, March 20th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
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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.
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