Wall Street brokerages forecast that Children’s Place, Inc. (The) (NASDAQ:PLCE) will report earnings of $2.46 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Children’s Place, Inc. (The)’s earnings. The lowest EPS estimate is $2.43 and the highest is $2.51. Children’s Place, Inc. (The) posted earnings per share of $2.29 in the same quarter last year, which suggests a positive year-over-year growth rate of 7.4%. The company is expected to report its next quarterly earnings report on Thursday, November 16th.

On average, analysts expect that Children’s Place, Inc. (The) will report full-year earnings of $7.39 per share for the current year, with EPS estimates ranging from $7.27 to $7.52. For the next year, analysts anticipate that the business will post earnings of $8.01 per share, with EPS estimates ranging from $7.48 to $8.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Children’s Place, Inc. (The).

Children’s Place, Inc. (The) (NASDAQ:PLCE) last posted its earnings results on Wednesday, August 9th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.11. Children’s Place, Inc. (The) had a return on equity of 26.01% and a net margin of 7.14%. The business had revenue of $373.60 million during the quarter, compared to analysts’ expectations of $376.53 million. During the same period in the prior year, the business earned ($0.01) EPS. Children’s Place, Inc. (The)’s revenue for the quarter was up .6% compared to the same quarter last year.

A number of brokerages have weighed in on PLCE. BidaskClub upgraded Children’s Place, Inc. (The) from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. BMO Capital Markets set a $112.00 target price on Children’s Place, Inc. (The) and gave the stock a “hold” rating in a report on Sunday, September 10th. Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 target price for the company in a report on Monday, June 26th. Finally, FBR & Co reiterated a “buy” rating and issued a $127.00 target price on shares of Children’s Place, Inc. (The) in a report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $128.36.

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Children’s Place, Inc. (NASDAQ PLCE) traded down 2.66% during mid-day trading on Friday, reaching $100.75. The company had a trading volume of 1,125,672 shares. The firm has a market capitalization of $1.78 billion, a P/E ratio of 14.41 and a beta of 0.32. The firm’s 50-day moving average is $111.08 and its 200-day moving average is $108.61. Children’s Place, Inc. has a one year low of $70.90 and a one year high of $125.30.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 12th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.59%. Children’s Place, Inc. (The)’s dividend payout ratio is 22.92%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its holdings in shares of Children’s Place, Inc. (The) by 80.7% during the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after acquiring an additional 565 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Children’s Place, Inc. (The) during the second quarter valued at approximately $182,000. Flinton Capital Management LLC increased its holdings in shares of Children’s Place, Inc. (The) by 70.0% during the second quarter. Flinton Capital Management LLC now owns 1,904 shares of the company’s stock valued at $194,000 after acquiring an additional 784 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Children’s Place, Inc. (The) by 0.7% during the second quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock valued at $213,000 after acquiring an additional 14 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Children’s Place, Inc. (The) during the first quarter valued at approximately $225,000.

Children’s Place, Inc. (The) Company Profile

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.

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

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