Childrens Place Inc (NASDAQ:PLCE) – Equities researchers at B. Riley upped their Q1 2020 EPS estimates for Childrens Place in a research note issued on Tuesday, May 14th, Zacks Investment Research reports. B. Riley analyst S. Anderson now forecasts that the company will earn ($0.50) per share for the quarter, up from their previous estimate of ($0.56). 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 Q2 2020 earnings at $0.14 EPS.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.89. The firm had revenue of $412.40 million during the quarter, compared to analysts’ expectations of $399.40 million. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.87 EPS.
A number of other analysts have also recently commented on the company. TheStreet cut Childrens Place from a “b-” rating to a “c+” rating in a research report on Friday, May 31st. BidaskClub cut Childrens Place from a “buy” rating to a “hold” rating in a research report on Friday, May 24th. ValuEngine lowered Childrens Place from a “buy” rating to a “hold” rating in a research note on Friday, May 17th. Citigroup raised their price target on Childrens Place from $90.00 to $106.00 and gave the stock a “neutral” rating in a research note on Thursday, May 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $126.00 price target (up from $100.00) on shares of Childrens Place in a research note on Monday, May 13th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $124.67.
Childrens Place stock traded up $1.49 during midday trading on Thursday, reaching $94.60. 422,667 shares of the company were exchanged, compared to its average volume of 814,579. The stock has a market cap of $1.50 billion, a PE ratio of 14.01, a P/E/G ratio of 1.86 and a beta of 0.86. Childrens Place has a 1 year low of $82.05 and a 1 year high of $160.23. The company has a current ratio of 0.79, a quick ratio of 0.22 and a debt-to-equity ratio of 1.31.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 18th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, June 17th. Childrens Place’s dividend payout ratio (DPR) is presently 33.19%.
In related news, SVP Claudia Lima-Guinehut sold 932 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $107.00, for a total transaction of $99,724.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert F. Helm sold 227 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total value of $25,149.33. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its holdings in Childrens Place by 68.4% during the 1st quarter. Advisor Group Inc. now owns 682 shares of the company’s stock worth $67,000 after purchasing an additional 277 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Childrens Place by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 953 shares of the company’s stock worth $86,000 after purchasing an additional 223 shares during the last quarter. Quantamental Technologies LLC purchased a new stake in Childrens Place during the 4th quarter worth approximately $92,000. Bruderman Asset Management LLC purchased a new stake in Childrens Place during the 4th quarter worth approximately $92,000. Finally, ClariVest Asset Management LLC purchased a new stake in Childrens Place during the 4th quarter worth approximately $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.