Childrens Place (NASDAQ:PLCE) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $2.90-3.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.50. The company issued revenue guidance of $530-535 million, compared to the consensus revenue estimate of $535.13 million.Childrens Place also updated its FY 2019 guidance to $5.40-5.75 EPS.
A number of brokerages have weighed in on PLCE. TheStreet cut Childrens Place from a b- rating to a c+ rating in a research note on Friday, May 31st. BidaskClub cut Childrens Place from a hold rating to a sell rating in a research note on Thursday, August 8th. B. Riley set a $122.00 price objective on Childrens Place and gave the company a buy rating in a research note on Tuesday, May 14th. DA Davidson set a $135.00 price objective on Childrens Place and gave the company a buy rating in a research note on Tuesday. Finally, ValuEngine cut Childrens Place from a buy rating to a hold rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. Childrens Place has a consensus rating of Buy and an average target price of $116.00.
Shares of NASDAQ PLCE opened at $78.45 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 1.31. Childrens Place has a twelve month low of $70.43 and a twelve month high of $160.23. The stock has a 50 day moving average of $90.81 and a two-hundred day moving average of $96.19. The stock has a market cap of $1.21 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.60 and a beta of 0.83.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, August 21st. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Childrens Place had a return on equity of 24.71% and a net margin of 3.60%. The business had revenue of $420.50 million during the quarter, compared to analysts’ expectations of $428.28 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, research analysts predict that Childrens Place will post 5.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, September 20th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.
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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