Childrens Place Inc (NASDAQ:PLCE) – Investment analysts at B. Riley upped their Q2 2020 earnings per share estimates for shares of Childrens Place in a research report issued to clients and investors on Thursday, May 16th. B. Riley analyst S. Anderson now forecasts that the company will post earnings of $0.18 per share for the quarter, up from their prior forecast of $0.14. B. Riley currently has a “Buy” rating and a $122.00 target price on the stock. B. Riley also issued estimates for Childrens Place’s Q3 2020 earnings at $3.41 EPS, Q4 2020 earnings at $2.28 EPS and FY2021 earnings at $8.40 EPS.

Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.89. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The firm had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. During the same period last year, the company earned $1.87 earnings per share. The business’s revenue for the quarter was down 5.5% on a year-over-year basis.

PLCE has been the subject of a number of other reports. BidaskClub lowered Childrens Place from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 14th. Bank of America reaffirmed a “neutral” rating and issued a $105.00 price target (up from $95.00) on shares of Childrens Place in a report on Friday, April 5th. Citigroup raised their price target on Childrens Place from $90.00 to $106.00 and gave the stock a “neutral” rating in a report on Thursday. ValuEngine raised Childrens Place from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Finally, Deutsche Bank began coverage on Childrens Place in a report on Tuesday, April 16th. They issued a “hold” rating and a $103.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $124.67.

Childrens Place stock opened at $106.63 on Friday. Childrens Place has a one year low of $82.05 and a one year high of $160.23. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.79 and a quick ratio of 0.40. The firm has a market capitalization of $1.66 billion, a PE ratio of 15.80, a P/E/G ratio of 2.07 and a beta of 0.69.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a $0.56 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 2.10%. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.

In related news, VP Robert F. Helm sold 227 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total value of $25,149.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. Advisor Group Inc. raised its position in Childrens Place by 68.4% during the first quarter. Advisor Group Inc. now owns 682 shares of the company’s stock valued at $67,000 after purchasing an additional 277 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Childrens Place by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock valued at $86,000 after purchasing an additional 223 shares in the last quarter. Quantamental Technologies LLC purchased a new stake in Childrens Place during the fourth quarter valued at about $92,000. Bruderman Asset Management LLC purchased a new stake in Childrens Place during the fourth quarter valued at about $92,000. Finally, ClariVest Asset Management LLC purchased a new stake in Childrens Place during the fourth quarter valued at about $108,000.

Childrens 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, footwear, accessories, 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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