Childrens Place Inc (NASDAQ:PLCE) – Equities researchers at Wedbush increased their Q2 2020 earnings estimates for Childrens Place in a research report issued on Wednesday, May 15th. Wedbush analyst J. Redding now expects that the company will earn $0.17 per share for the quarter, up from their previous estimate of ($0.12). Wedbush has a “Outperform” rating and a $130.00 price target on the stock. Wedbush also issued estimates for Childrens Place’s Q3 2020 earnings at $3.56 EPS and FY2020 earnings at $6.55 EPS.
Childrens Place (NASDAQ:PLCE) last released its earnings results on Wednesday, May 15th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.89. Childrens Place had a return on equity of 27.26% and a net margin of 3.86%. The company had revenue of $412.40 million for the quarter, compared to the consensus estimate of $399.40 million. During the same period in the previous year, the business earned $1.87 earnings per share. Childrens Place’s quarterly revenue was down 5.5% compared to the same quarter last year.
Shares of Childrens Place stock opened at $108.45 on Monday. Childrens Place has a 52 week low of $82.05 and a 52 week high of $160.23. The stock has a market capitalization of $1.68 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.10 and a beta of 0.69. The company has a current ratio of 0.79, a quick ratio of 0.40 and a debt-to-equity ratio of 1.31.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 18th will be issued a $0.56 dividend. The ex-dividend date is Monday, June 17th. This represents a $2.24 annualized dividend and a dividend yield of 2.07%. Childrens Place’s dividend payout ratio (DPR) is 33.19%.
In other news, VP Robert F. Helm sold 227 shares of Childrens Place stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $110.79, for a total value of $25,149.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Claudia Lima-Guinehut sold 932 shares of Childrens Place stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $107.00, for a total value of $99,724.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Several hedge funds have recently modified their holdings of PLCE. FMR LLC increased its holdings in shares of Childrens Place by 65.4% in the first quarter. FMR LLC now owns 2,115,024 shares of the company’s stock worth $205,749,000 after purchasing an additional 836,154 shares during the last quarter. Ceredex Value Advisors LLC bought a new stake in shares of Childrens Place in the first quarter worth about $71,212,000. Greenvale Capital LLP bought a new stake in shares of Childrens Place in the first quarter worth about $36,480,000. Neuberger Berman Group LLC bought a new stake in shares of Childrens Place in the first quarter worth about $31,900,000. Finally, Daruma Capital Management LLC bought a new stake in shares of Childrens Place in the first quarter worth about $28,679,000.
About Childrens 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, 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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