The Children’s Place Expected to Post Q1 2019 Earnings of $2.16 Per Share (PLCE)

The Children’s Place (NASDAQ:PLCE) – Analysts at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for shares of The Children’s Place in a research note issued to investors on Wednesday. SunTrust Banks analyst P. Quintiliano expects that the company will post earnings per share of $2.16 for the quarter. SunTrust Banks has a “Hold” rating and a $132.00 price target on the stock. SunTrust Banks also issued estimates for The Children’s Place’s Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $3.25 EPS, Q4 2019 earnings at $2.44 EPS and FY2019 earnings at $8.05 EPS.

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The Children’s Place (NASDAQ:PLCE) last announced its quarterly earnings data 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 Children’s Place had a return on equity of 29.03% and a net margin of 4.53%. The firm had revenue of $570.00 million for the quarter, compared to analyst estimates of $574.09 million. During the same quarter in the prior year, the company posted $1.88 earnings per share. The Children’s Place’s quarterly revenue was up 9.4% on a year-over-year basis.

A number of other brokerages have also weighed in on PLCE. Chardan Capital reaffirmed a “buy” rating and set a $156.00 price objective (up previously from $130.00) on shares of The Children’s Place in a report on Wednesday, January 10th. Telsey Advisory Group boosted their target price on The Children’s Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 2nd. BidaskClub downgraded The Children’s Place from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 21st. Cowen started coverage on The Children’s Place in a research report on Thursday, March 1st. They set an “outperform” rating and a $160.00 target price on the stock. Finally, ValuEngine upgraded The Children’s Place from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $144.91.

The Children’s Place (NASDAQ:PLCE) opened at $127.85 on Monday. The Children’s Place has a twelve month low of $94.95 and a twelve month high of $161.65. The firm has a market capitalization of $2,202.22, a price-to-earnings ratio of 27.61, a P/E/G ratio of 1.73 and a beta of 0.30.

The company also recently declared 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. 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. This represents a $2.00 annualized dividend and a yield of 1.56%. The Children’s Place’s dividend payout ratio is currently 34.56%.

The Children’s Place announced that its Board of Directors has approved a stock buyback program on Tuesday, March 20th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

A number of large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its stake in The Children’s Place by 5.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the company’s stock worth $1,090,000 after acquiring an additional 400 shares during the last quarter. TrimTabs Asset Management LLC increased its stake in The Children’s Place by 17.1% during the third quarter. TrimTabs Asset Management LLC now owns 3,220 shares of the company’s stock worth $380,000 after acquiring an additional 471 shares during the last quarter. Vident Investment Advisory LLC increased its stake in The Children’s Place by 2.1% during the third quarter. Vident Investment Advisory LLC now owns 25,488 shares of the company’s stock worth $3,011,000 after acquiring an additional 520 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in The Children’s Place by 0.6% during the fourth quarter. UBS Asset Management Americas Inc. now owns 100,075 shares of the company’s stock worth $14,546,000 after acquiring an additional 629 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its stake in The Children’s Place by 27.3% during the fourth quarter. ETRADE Capital Management LLC now owns 2,949 shares of the company’s stock worth $429,000 after acquiring an additional 633 shares during the last quarter.

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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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