Q4 2018 EPS Estimates for Childrens Place Inc (PLCE) Boosted by SunTrust Banks
Childrens Place Inc (NASDAQ:PLCE) – Analysts at SunTrust Banks boosted their Q4 2018 earnings per share (EPS) estimates for shares of Childrens Place in a research report issued on Monday. SunTrust Banks analyst P. Quintiliano now forecasts that the company will post earnings of $2.50 per share for the quarter, up from their previous estimate of $2.14. SunTrust Banks has a “Hold” rating and a $157.00 price objective on the stock.
Childrens Place (NASDAQ:PLCE) last posted its quarterly earnings data on Wednesday, November 15th. The company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.46 by $0.12. Childrens Place had a return on equity of 26.58% and a net margin of 7.07%. The firm had revenue of $490.00 million for the quarter, compared to the consensus estimate of $480.28 million. During the same quarter last year, the company earned $2.29 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year.
PLCE has been the topic of several other research reports. Telsey Advisory Group raised their price objective on Childrens Place from $140.00 to $164.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 2nd. BidaskClub upgraded Childrens Place from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. BMO Capital Markets set a $130.00 target price on Childrens Place and gave the stock a “hold” rating in a research report on Tuesday, December 19th. B. Riley reiterated a “buy” rating on shares of Childrens Place in a research report on Wednesday, November 1st. Finally, Buckingham Research increased their target price on Childrens Place from $139.00 to $144.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $139.15.
Childrens Place (PLCE) traded up $0.95 during midday trading on Thursday, hitting $158.35. The stock had a trading volume of 380,987 shares, compared to its average volume of 601,433. Childrens Place has a 1 year low of $92.95 and a 1 year high of $161.05. The company has a market capitalization of $2,750.00, a P/E ratio of 22.46, a P/E/G ratio of 2.19 and a beta of 0.31.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 3rd. Shareholders of record on Wednesday, December 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, December 12th. Childrens Place’s dividend payout ratio is presently 22.70%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hanseatic Management Services Inc. grew its holdings in Childrens Place by 0.7% during the 2nd quarter. Hanseatic Management Services Inc. now owns 2,085 shares of the company’s stock valued at $213,000 after buying an additional 14 shares in the last quarter. Zacks Investment Management grew its holdings in Childrens Place by 2.0% during the 2nd quarter. Zacks Investment Management now owns 2,429 shares of the company’s stock valued at $248,000 after buying an additional 48 shares in the last quarter. Navellier & Associates Inc grew its holdings in Childrens Place by 1.9% during the 2nd quarter. Navellier & Associates Inc now owns 3,399 shares of the company’s stock valued at $347,000 after buying an additional 65 shares in the last quarter. Suntrust Banks Inc. grew its holdings in Childrens Place by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 3,621 shares of the company’s stock valued at $369,000 after buying an additional 78 shares in the last quarter. Finally, Hancock Holding Co. grew its holdings in Childrens Place by 0.6% during the 2nd quarter. Hancock Holding Co. now owns 22,871 shares of the company’s stock valued at $2,335,000 after buying an additional 146 shares in the last quarter.
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Childrens Place 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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