Q2 2019 EPS Estimates for The Children’s Place (PLCE) Reduced by B. Riley

The Children’s Place (NASDAQ:PLCE) – Equities research analysts at B. Riley cut their Q2 2019 earnings estimates for The Children’s Place in a note issued to investors on Wednesday. B. Riley analyst S. Anderson now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.39. B. Riley has a “Buy” rating and a $167.00 price target on the stock. B. Riley also issued estimates for The Children’s Place’s FY2019 earnings at $8.20 EPS and FY2020 earnings at $9.80 EPS.

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

A number of other equities analysts have also weighed in on the company. BidaskClub upgraded The Children’s Place from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 6th. Telsey Advisory Group increased their target price on The Children’s Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. SunTrust Banks increased their target price on The Children’s Place to $157.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. They noted that the move was a valuation call. BMO Capital Markets set a $130.00 target price on The Children’s Place and gave the stock a “hold” rating in a research note on Tuesday, December 19th. Finally, ValuEngine upgraded The Children’s Place from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $144.91.

The Children’s Place (NASDAQ PLCE) opened at $127.85 on Friday. The firm has a market capitalization of $2,273.63, a P/E ratio of 27.61, a PEG ratio of 1.78 and a beta of 0.30. The Children’s Place has a 52 week low of $94.95 and a 52 week high of $161.65.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Monday, April 16th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, April 13th. This is a positive change from The Children’s Place’s previous quarterly dividend of $0.40. The Children’s Place’s dividend payout ratio (DPR) is 34.56%.

A number of institutional investors have recently bought and sold shares of the business. Elkfork Partners LLC bought a new position in The Children’s Place during the 4th quarter worth $256,000. MetLife Investment Advisors LLC bought a new position in The Children’s Place during the 4th quarter worth $1,156,000. Gotham Asset Management LLC bought a new position in The Children’s Place during the 4th quarter worth $281,000. Vident Investment Advisory LLC increased its stake in The Children’s Place by 8.8% during the 4th quarter. Vident Investment Advisory LLC now owns 27,743 shares of the company’s stock worth $4,032,000 after acquiring an additional 2,255 shares during the period. Finally, Ellington Management Group LLC bought a new position in The Children’s Place during the 4th quarter worth $858,000.

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About The Children’s Place

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.

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

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