Q3 2018 Earnings Forecast for Children’s Place, Inc. (The) Issued By Oppenheimer Holdings (NASDAQ:PLCE)

Children’s Place, Inc. (The) (NASDAQ:PLCE) – Stock analysts at Oppenheimer Holdings decreased their Q3 2018 earnings per share estimates for Children’s Place, Inc. (The) in a note issued to investors on Wednesday. Oppenheimer Holdings analyst A. Andreeva now expects that the company will earn $2.45 per share for the quarter, down from their previous estimate of $2.54. Oppenheimer Holdings also issued estimates for Children’s Place, Inc. (The)’s Q4 2018 earnings at $2.09 EPS and FY2019 earnings at $7.95 EPS.

A number of other equities analysts have also recently issued reports on the company. BidaskClub upgraded Children’s Place, Inc. (The) from a “buy” rating to a “strong-buy” rating in a report on Wednesday. BMO Capital Markets set a $112.00 price target on Children’s Place, Inc. (The) and gave the company a “hold” rating in a report on Tuesday, August 8th. Telsey Advisory Group upgraded Children’s Place, Inc. (The) from a “market perform” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Monday, June 26th. Bank of America Corporation set a $140.00 price target on Children’s Place, Inc. (The) and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, FBR & Co reiterated an “outperform” rating and set a $127.00 price target on shares of Children’s Place, Inc. (The) in a report on Friday, June 9th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Children’s Place, Inc. (The) has an average rating of “Buy” and an average target price of $125.00.

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Children’s Place, Inc. (NASDAQ PLCE) opened at 105.80 on Friday. The company’s 50-day moving average price is $105.63 and its 200 day moving average price is $108.00. The stock has a market capitalization of $1.87 billion, a P/E ratio of 15.13 and a beta of 0.33. Children’s Place, Inc. has a 52-week low of $70.90 and a 52-week high of $125.30.

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

Institutional investors have recently bought and sold shares of the company. Strs Ohio boosted its position in Children’s Place, Inc. (The) by 150.0% in the first quarter. Strs Ohio now owns 1,000 shares of the company’s stock valued at $120,000 after buying an additional 600 shares in the last quarter. Riverhead Capital Management LLC raised its position in shares of Children’s Place, Inc. (The) by 80.7% in the second quarter. Riverhead Capital Management LLC now owns 1,265 shares of the company’s stock valued at $129,000 after buying an additional 565 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Children’s Place, Inc. (The) by 73.8% in the first quarter. LS Investment Advisors LLC now owns 1,220 shares of the company’s stock valued at $146,000 after buying an additional 518 shares in the last quarter. TrimTabs Asset Management LLC raised its position in shares of Children’s Place, Inc. (The) by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 1,342 shares of the company’s stock valued at $161,000 after buying an additional 632 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Children’s Place, Inc. (The) during the second quarter valued at about $182,000.

In related news, SVP Kevin Low sold 14,517 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $109.04, for a total transaction of $1,582,933.68. Following the completion of the transaction, the senior vice president now owns 33,565 shares of the company’s stock, valued at approximately $3,659,927.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Scarpa sold 37,231 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $108.08, for a total value of $4,023,926.48. Following the transaction, the insider now directly owns 59,084 shares of the company’s stock, valued at approximately $6,385,798.72. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 12th will be given a $0.40 dividend. The ex-dividend date is Monday, September 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.51%. Children’s Place, Inc. (The)’s dividend payout ratio is currently 22.92%.

About Children’s Place, Inc. (The)

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.

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

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