Zacks: Analysts Expect The Children’s Place, Inc. (NASDAQ:PLCE) Will Announce Quarterly Sales of $420.25 Million


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Wall Street analysts expect that The Children’s Place, Inc. (NASDAQ:PLCE) will post sales of $420.25 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for The Children’s Place’s earnings, with estimates ranging from $414.60 million to $423.14 million. The Children’s Place posted sales of $513.02 million in the same quarter last year, which suggests a negative year-over-year growth rate of 18.1%. The business is expected to announce its next earnings results on Tuesday, March 16th.

According to Zacks, analysts expect that The Children’s Place will report full year sales of $1.47 billion for the current financial year, with estimates ranging from $1.46 billion to $1.47 billion. For the next financial year, analysts forecast that the company will post sales of $1.68 billion, with estimates ranging from $1.63 billion to $1.72 billion. Zacks’ sales averages are an average based on a survey of research firms that follow The Children’s Place.

Several equities analysts recently weighed in on the stock. Citigroup lowered shares of The Children’s Place from a “neutral” rating to a “sell” rating and increased their price target for the company from $42.00 to $50.00 in a research report on Friday, February 12th. Monness Crespi & Hardt lowered shares of The Children’s Place from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Tuesday, February 16th. Telsey Advisory Group increased their price target on shares of The Children’s Place from $48.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, February 2nd. B. Riley increased their price target on shares of The Children’s Place from $37.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, January 15th. Finally, Smith Barney Citigroup increased their price target on shares of The Children’s Place from $20.00 to $42.00 in a research report on Friday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.18.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its holdings in shares of The Children’s Place by 7.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,777 shares of the company’s stock worth $139,000 after purchasing an additional 189 shares during the last quarter. Strs Ohio grew its holdings in shares of The Children’s Place by 25.8% in the third quarter. Strs Ohio now owns 3,900 shares of the company’s stock worth $110,000 after purchasing an additional 800 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of The Children’s Place by 3.8% in the third quarter. California Public Employees Retirement System now owns 33,432 shares of the company’s stock worth $948,000 after purchasing an additional 1,214 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of The Children’s Place by 13.7% in the third quarter. Envestnet Asset Management Inc. now owns 10,777 shares of the company’s stock worth $306,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of The Children’s Place by 12.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 13,865 shares of the company’s stock worth $1,349,000 after purchasing an additional 1,502 shares during the last quarter.

Shares of NASDAQ PLCE traded down $0.94 during trading on Thursday, hitting $68.10. The stock had a trading volume of 9,125 shares, compared to its average volume of 680,604. The Children’s Place has a 12 month low of $9.25 and a 12 month high of $79.03. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.69 and a quick ratio of 0.14. The company has a market capitalization of $993.37 million, a PE ratio of -8.09 and a beta of 2.27. The firm has a fifty day moving average of $65.60 and a two-hundred day moving average of $40.90.

About The Children’s Place

The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.

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

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