Equities analysts expect that Childrens Place Inc (NASDAQ:PLCE) will report sales of $501.64 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Childrens Place’s earnings, with the highest sales estimate coming in at $505.67 million and the lowest estimate coming in at $497.60 million. Childrens Place posted sales of $490.03 million during the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The business is scheduled to announce its next quarterly earnings report on Wednesday, November 21st.

On average, analysts expect that Childrens Place will report full year sales of $1.96 billion for the current fiscal year, with estimates ranging from $1.95 billion to $1.98 billion. For the next financial year, analysts expect that the firm will post sales of $2.04 billion, with estimates ranging from $2.01 billion to $2.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Childrens Place.

Childrens Place (NASDAQ:PLCE) last posted its earnings results on Thursday, August 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. The firm had revenue of $448.70 million for the quarter, compared to the consensus estimate of $427.89 million. Childrens Place had a return on equity of 33.17% and a net margin of 3.76%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.86 earnings per share.

Several research firms have issued reports on PLCE. BidaskClub downgraded Childrens Place from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. ValuEngine downgraded Childrens Place from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. Monness Crespi & Hardt upgraded Childrens Place from a “neutral” rating to a “buy” rating and set a $165.00 target price on the stock in a research report on Friday, August 24th. They noted that the move was a valuation call. B. Riley restated a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 14th. Finally, Bank of America upgraded Childrens Place from an “underperform” rating to a “neutral” rating in a research 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 given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $149.40.

In related news, insider Jane T. Elfers sold 100,000 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $134.93, for a total value of $13,493,000.00. Following the sale, the insider now owns 141,491 shares in the company, valued at $19,091,380.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in shares of Childrens Place by 9.6% in the second quarter. Wells Fargo & Company MN now owns 201,044 shares of the company’s stock worth $24,287,000 after buying an additional 17,629 shares in the last quarter. Congress Asset Management Co. MA raised its position in shares of Childrens Place by 5.6% in the third quarter. Congress Asset Management Co. MA now owns 41,994 shares of the company’s stock worth $5,367,000 after buying an additional 2,242 shares in the last quarter. Employees Retirement System of Texas raised its position in shares of Childrens Place by 92.3% in the second quarter. Employees Retirement System of Texas now owns 50,000 shares of the company’s stock worth $6,040,000 after buying an additional 24,000 shares in the last quarter. Waddell & Reed Financial Inc. raised its position in shares of Childrens Place by 102.9% in the second quarter. Waddell & Reed Financial Inc. now owns 254,200 shares of the company’s stock worth $30,707,000 after buying an additional 128,910 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Childrens Place by 20.3% in the second quarter. First Trust Advisors LP now owns 17,767 shares of the company’s stock worth $2,146,000 after buying an additional 2,999 shares in the last quarter.

NASDAQ:PLCE opened at $126.45 on Friday. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.99 and a beta of 0.20. Childrens Place has a 1 year low of $112.55 and a 1 year high of $161.65.

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.

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Earnings History and Estimates for Childrens Place (NASDAQ:PLCE)

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