Q4 2018 EPS Estimates for Childrens Place Inc Increased by SunTrust Banks (PLCE)
Childrens Place Inc (NASDAQ:PLCE) – SunTrust Banks boosted their Q4 2018 EPS estimates for shares of Childrens Place in a report released on Monday. SunTrust Banks analyst P. Quintiliano now expects that the company will post earnings of $2.50 per share for the quarter, up from their prior forecast of $2.14. SunTrust Banks has a “Hold” rating and a $157.00 price objective on the stock.
Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.12. Childrens Place had a net margin of 7.07% and a return on equity of 26.58%. The business had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. During the same period in the previous year, the firm earned $2.29 EPS. The business’s revenue for the quarter was up 3.4% on a year-over-year basis.
Other analysts also recently issued reports about the stock. Buckingham Research boosted their target price on shares of Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. B. Riley reiterated a “buy” rating on shares of Childrens Place in a report on Wednesday, November 1st. FBR & Co reiterated a “buy” rating and issued a $127.00 target price on shares of Childrens Place in a report on Monday, October 2nd. ValuEngine upgraded shares of Childrens Place from a “hold” rating to a “buy” rating in a report on Wednesday, November 15th. Finally, Chardan Capital restated a “buy” rating and set a $156.00 price target (up previously from $130.00) on shares of Childrens Place in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Childrens Place has a consensus rating of “Buy” and a consensus price target of $139.15.
Childrens Place (PLCE) traded up $0.95 during midday trading on Thursday, hitting $158.35. 380,987 shares of the company were exchanged, compared to its average volume of 442,791. Childrens Place has a twelve month low of $92.95 and a twelve month high of $161.05. The company has a market cap of $2,738.06, a P/E ratio of 21.65, a P/E/G ratio of 2.23 and a beta of 0.31.
Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Childrens Place by 1.3% during the second quarter. Vanguard Group Inc. now owns 2,425,654 shares of the company’s stock valued at $247,660,000 after acquiring an additional 32,057 shares during the period. Royce & Associates LP grew its position in Childrens Place by 2.4% during the third quarter. Royce & Associates LP now owns 1,151,963 shares of the company’s stock valued at $136,104,000 after purchasing an additional 27,431 shares in the last quarter. FMR LLC grew its position in Childrens Place by 7,303.5% during the second quarter. FMR LLC now owns 741,169 shares of the company’s stock valued at $75,674,000 after purchasing an additional 731,158 shares in the last quarter. Voya Investment Management LLC grew its position in Childrens Place by 39.9% during the second quarter. Voya Investment Management LLC now owns 551,468 shares of the company’s stock valued at $56,305,000 after purchasing an additional 157,333 shares in the last quarter. Finally, State Street Corp grew its position in Childrens Place by 3.9% during the second quarter. State Street Corp now owns 514,897 shares of the company’s stock valued at $52,568,000 after purchasing an additional 19,326 shares in the last quarter.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Wednesday, December 13th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. Childrens Place’s dividend payout ratio is currently 22.66%.
About Childrens Place
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.
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