The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.43-1.48 for the period, compared to the Thomson Reuters consensus estimate of $1.39.

A number of brokerages have commented on PLCE. Zacks Investment Research raised The Children’s Place Retail Stores from a hold rating to a strong-buy rating and set a $96.00 price objective on the stock in a report on Saturday, July 30th. FBR & Co decreased their price objective on The Children’s Place Retail Stores from $100.00 to $85.00 and set an outperform rating on the stock in a report on Thursday, August 18th. Mizuho upped their price objective on The Children’s Place Retail Stores from $85.00 to $95.00 and gave the company a buy rating in a report on Wednesday, August 17th. Citigroup Inc. upped their target price on The Children’s Place Retail Stores from $80.00 to $92.00 and gave the company a neutral rating in a research report on Thursday, August 18th. Finally, Telsey Advisory Group upped their target price on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the company a market perform rating in a research report on Thursday, August 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $86.13.

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

Shares of The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) opened at 87.60 on Thursday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 21.72 and a beta of 0.16. The Children’s Place Retail Stores Inc. has a 52 week low of $47.46 and a 52 week high of $90.00. The firm has a 50 day moving average price of $76.92 and a 200 day moving average price of $78.13.

The Children’s Place Retail Stores (NASDAQ:PLCE) last announced its earnings results on Thursday, November 17th. The company reported $2.29 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.28. The Children’s Place Retail Stores had a return on equity of 17.14% and a net margin of 4.58%. The company had revenue of $473.80 million for the quarter, compared to analysts’ expectations of $461.98 million. During the same period last year, the firm earned $1.93 EPS. The Children’s Place Retail Stores’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities analysts forecast that The Children’s Place Retail Stores Inc. will post $4.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Shareholders of record on Saturday, December 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.91%. The Children’s Place Retail Stores’s payout ratio is presently 20.15%.

In other The Children’s Place Retail Stores news, insider Anurup Pruthi sold 601 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $84.01, for a total value of $50,490.01. Following the completion of the sale, the insider now owns 13,925 shares in the company, valued at approximately $1,169,839.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael Scarpa sold 15,463 shares of the stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $85.49, for a total value of $1,321,931.87. Following the completion of the sale, the chief operating officer now owns 64,122 shares of the company’s stock, valued at approximately $5,481,789.78. The disclosure for this sale can be found here. 1.93% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. FMR LLC raised its position in shares of The Children’s Place Retail Stores by 457.3% in the second quarter. FMR LLC now owns 1,189,835 shares of the company’s stock worth $95,401,000 after buying an additional 976,325 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of The Children’s Place Retail Stores by 13.7% in the second quarter. Teachers Advisors Inc. now owns 202,935 shares of the company’s stock worth $16,271,000 after buying an additional 24,481 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of The Children’s Place Retail Stores during the second quarter worth $6,353,000. Bridgeway Capital Management Inc. raised its position in shares of The Children’s Place Retail Stores by 88.2% in the second quarter. Bridgeway Capital Management Inc. now owns 71,700 shares of the company’s stock worth $5,749,000 after buying an additional 33,600 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of The Children’s Place Retail Stores during the second quarter worth $5,565,000.

About The Children’s Place Retail Stores

The Children’s Place, Inc (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International.

5 Day Chart for NASDAQ:PLCE

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