The Children’s Place Retail Stores Inc. (NASDAQ:PLCE) – Equities research analysts at FBR & Co increased their FY2017 earnings estimates for The Children’s Place Retail Stores in a report released on Thursday. FBR & Co analyst S. Anderson now expects that the firm will post earnings per share of $5.04 for the year, up from their previous forecast of $4.70. FBR & Co has a “Outperform” rating and a $85.00 price target on the stock. FBR & Co also issued estimates for The Children’s Place Retail Stores’ Q4 2017 earnings at $1.46 EPS, Q1 2018 earnings at $1.56 EPS, Q3 2018 earnings at $2.52 EPS, Q4 2018 earnings at $1.57 EPS, FY2018 earnings at $5.66 EPS and FY2019 earnings at $6.07 EPS.

Several other equities research analysts have also recently commented on PLCE. Wolfe Research raised their target price on The Children’s Place Retail Stores from $98.00 to $107.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Jaffray Cos. cut The Children’s Place Retail Stores from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $99.00 to $88.00 in a research note on Wednesday, September 21st. Telsey Advisory Group raised their target price on The Children’s Place Retail Stores from $83.00 to $93.00 and gave the stock a “market perform” rating in a research note on Thursday, August 18th. Mizuho raised their target price on The Children’s Place Retail Stores from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, August 17th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of The Children’s Place Retail Stores in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The Children’s Place Retail Stores presently has a consensus rating of “Buy” and an average target price of $89.07.

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

The Children’s Place Retail Stores (NASDAQ:PLCE) opened at 99.45 on Friday. The Children’s Place Retail Stores has a 12-month low of $47.96 and a 12-month high of $101.50. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 24.65 and a beta of 0.16. The company’s 50 day moving average price is $77.40 and its 200-day moving average price is $78.28.

The Children’s Place Retail Stores (NASDAQ:PLCE) last posted its earnings results on Thursday, November 17th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.28. The business had revenue of $473.80 million for the quarter, compared to analyst estimates of $461.98 million. The Children’s Place Retail Stores had a return on equity of 18.08% and a net margin of 4.86%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.93 EPS.

Several hedge funds have recently modified their holdings of PLCE. FMR LLC raised its stake 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 valued at $95,401,000 after buying an additional 976,325 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of The Children’s Place Retail Stores by 20.7% in the second quarter. Vanguard Group Inc. now owns 2,081,151 shares of the company’s stock valued at $166,866,000 after buying an additional 357,029 shares during the last quarter. Copper Rock Capital Partners LLC purchased a new stake in shares of The Children’s Place Retail Stores during the second quarter valued at about $23,958,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of The Children’s Place Retail Stores during the second quarter valued at about $21,307,000. Finally, Denver Investment Advisors LLC purchased a new stake in shares of The Children’s Place Retail Stores during the second quarter valued at about $12,561,000.

In other The Children’s Place Retail Stores news, insider Anurup Pruthi sold 601 shares of the business’s 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 sale, the insider now directly owns 13,925 shares in the company, valued at $1,169,839.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Michael Scarpa sold 15,463 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were 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 in the company, valued at $5,481,789.78. The disclosure for this sale can be found here. Corporate insiders own 1.93% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Saturday, December 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.80%. The Children’s Place Retail Stores’s dividend payout ratio (DPR) is currently 17.98%.

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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