Childrens Place (NASDAQ:PLCE) posted its quarterly earnings results on Wednesday. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.89, Morningstar.com reports. The company had revenue of $412.40 million for the quarter, compared to the consensus estimate of $399.40 million. Childrens Place had a net margin of 5.21% and a return on equity of 34.25%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.87 EPS.
NASDAQ PLCE opened at $102.41 on Wednesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 2.41 and a beta of 0.69. Childrens Place has a one year low of $82.05 and a one year high of $160.23.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Monday, April 15th were given a dividend of $0.56 per share. This is an increase from Childrens Place’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, April 12th. This represents a $2.24 dividend on an annualized basis and a yield of 2.19%. Childrens Place’s dividend payout ratio (DPR) is 33.19%.
A number of hedge funds and other institutional investors have recently bought and sold shares of PLCE. Greenvale Capital LLP bought a new stake in shares of Childrens Place in the 1st quarter valued at about $36,480,000. Hsbc Holdings PLC boosted its holdings in shares of Childrens Place by 20.2% in the 1st quarter. Hsbc Holdings PLC now owns 4,362 shares of the company’s stock valued at $424,000 after buying an additional 732 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Childrens Place by 15.8% in the 1st quarter. Wellington Management Group LLP now owns 815,664 shares of the company’s stock valued at $79,348,000 after buying an additional 111,120 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Childrens Place by 5.5% in the 1st quarter. Geode Capital Management LLC now owns 208,268 shares of the company’s stock valued at $20,260,000 after buying an additional 10,847 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Childrens Place by 18.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 166,986 shares of the company’s stock worth $16,245,000 after purchasing an additional 25,497 shares in the last quarter.
PLCE has been the topic of several recent analyst reports. BidaskClub downgraded shares of Childrens Place from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. B. Riley cut their target price on shares of Childrens Place from $167.00 to $122.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. ValuEngine raised shares of Childrens Place from a “strong sell” rating to a “sell” rating in a research report on Tuesday, March 5th. Citigroup downgraded shares of Childrens Place from a “buy” rating to a “neutral” rating and cut their target price for the company from $130.00 to $97.00 in a research report on Tuesday, February 26th. Finally, Deutsche Bank initiated coverage on shares of Childrens Place in a research report on Tuesday, April 16th. They set a “hold” rating and a $103.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $123.67.
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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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