Equities analysts expect that The Children’s Place (NASDAQ:PLCE) will post sales of $442.93 million for the current quarter, Zacks reports. Three analysts have provided estimates for The Children’s Place’s earnings, with estimates ranging from $437.40 million to $446.30 million. The Children’s Place posted sales of $436.68 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.4%. The business is expected to issue its next earnings results on Thursday, May 17th.

On average, analysts expect that The Children’s Place will report full year sales of $1.90 billion for the current financial year, with estimates ranging from $1.87 billion to $1.91 billion. For the next financial year, analysts forecast that the company will report sales of $1.95 billion per share, with estimates ranging from $1.92 billion to $1.99 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow The Children’s Place.

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

PLCE has been the topic of a number of research analyst reports. BidaskClub downgraded shares of The Children’s Place from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 21st. ValuEngine upgraded shares of The Children’s Place from a “hold” rating to a “buy” rating in a research note on Monday, March 19th. SunTrust Banks increased their price objective on shares of The Children’s Place to $157.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Cowen began coverage on shares of The Children’s Place in a research note on Thursday, March 1st. They set an “outperform” rating and a $160.00 price objective on the stock. Finally, Telsey Advisory Group raised their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $144.91.

Institutional investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new position in shares of The Children’s Place in the 4th quarter worth about $143,000. Everence Capital Management Inc. acquired a new stake in shares of The Children’s Place in the 4th quarter worth about $202,000. ARP Americas LP acquired a new stake in shares of The Children’s Place in the 4th quarter worth about $206,000. Cubist Systematic Strategies LLC acquired a new stake in shares of The Children’s Place in the 3rd quarter worth about $171,000. Finally, M&T Bank Corp acquired a new stake in shares of The Children’s Place in the 4th quarter worth about $248,000.

NASDAQ PLCE opened at $131.05 on Tuesday. The Children’s Place has a 12 month low of $94.95 and a 12 month high of $161.65. The firm has a market cap of $2,174.46, a price-to-earnings ratio of 16.57, a P/E/G ratio of 1.80 and a beta of 0.37.

The Children’s Place declared that its board has initiated a share buyback program on Tuesday, March 20th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Monday, April 16th will be given 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 1.53%. The ex-dividend date of this dividend is Friday, April 13th. The Children’s Place’s dividend payout ratio (DPR) is presently 20.23%.

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The Children’s Place Company Profile

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

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