Childrens Place (NASDAQ:PLCE) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $5.75-6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.60. The company issued revenue guidance of $1.905-1.925 billion, compared to the consensus revenue estimate of $1.91 billion.Childrens Place also updated its FY20 guidance to $5.75-6.25 EPS.
PLCE opened at $112.11 on Thursday. The stock has a market capitalization of $1.71 billion, a P/E ratio of 16.61, a P/E/G ratio of 2.41 and a beta of 0.69. Childrens Place has a 12 month low of $82.05 and a 12 month high of $160.23.
Childrens Place (NASDAQ:PLCE) last released its quarterly earnings results on Wednesday, May 15th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.89. The company had revenue of $412.40 million during the quarter, compared to analyst estimates of $399.40 million. Childrens Place had a return on equity of 34.25% and a net margin of 5.21%. The firm’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.87 earnings per share. As a group, analysts expect that Childrens Place will post 5.64 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Monday, April 15th were given a $0.56 dividend. The ex-dividend date was Friday, April 12th. This represents a $2.24 annualized dividend and a yield of 2.00%. This is a positive change from Childrens Place’s previous quarterly dividend of $0.50. Childrens Place’s dividend payout ratio (DPR) is currently 33.19%.
Several research analysts recently commented on PLCE shares. BidaskClub lowered Childrens Place from a strong-buy rating to a buy rating in a research report on Tuesday. B. Riley decreased their price objective on shares of Childrens Place from $167.00 to $122.00 and set a buy rating for the company in a research note on Tuesday, March 5th. ValuEngine raised shares of Childrens Place from a strong sell rating to a sell rating in a research note on Tuesday, March 5th. Citigroup downgraded shares of Childrens Place from a buy rating to a neutral rating and decreased their price objective for the stock from $130.00 to $97.00 in a research note on Tuesday, February 26th. Finally, Deutsche Bank assumed coverage on shares of Childrens Place in a research note on Tuesday, April 16th. They issued a hold rating and a $103.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $124.67.
In other Childrens Place news, VP Robert F. Helm sold 227 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $110.79, for a total value of $25,149.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.
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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