Brokerages predict that The Children’s Place, Inc. (NASDAQ:PLCE) will report $555.59 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for The Children’s Place’s earnings. The highest sales estimate is $584.70 million and the lowest is $536.00 million. The Children’s Place posted sales of $425.57 million in the same quarter last year, which would indicate a positive year over year growth rate of 30.6%. The firm is expected to issue its next earnings report on Thursday, November 18th.
On average, analysts expect that The Children’s Place will report full-year sales of $1.94 billion for the current financial year, with estimates ranging from $1.89 billion to $1.97 billion. For the next year, analysts expect that the business will post sales of $1.99 billion, with estimates ranging from $1.93 billion to $2.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow The Children’s Place.
The Children’s Place (NASDAQ:PLCE) last released its earnings results on Tuesday, August 17th. The company reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $1.21. The Children’s Place had a return on equity of 91.35% and a net margin of 5.17%. The company had revenue of $413.90 million during the quarter, compared to analyst estimates of $442.55 million. During the same quarter in the prior year, the company earned ($1.48) earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.
In other news, COO Leah Swan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $99.83, for a total transaction of $1,996,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Claudia Lima-Guinehut sold 7,164 shares of the firm’s stock in a transaction that occurred on Friday, June 25th. The shares were sold at an average price of $95.56, for a total transaction of $684,591.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,169 shares of company stock valued at $6,637,547. Corporate insiders own 5.01% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its holdings in shares of The Children’s Place by 25.8% in the second quarter. Parametric Portfolio Associates LLC now owns 100,610 shares of the company’s stock valued at $9,363,000 after purchasing an additional 20,643 shares in the last quarter. Comerica Bank grew its holdings in The Children’s Place by 75.9% during the 2nd quarter. Comerica Bank now owns 25,869 shares of the company’s stock worth $2,474,000 after acquiring an additional 11,161 shares during the period. Marshall Wace North America L.P. grew its holdings in The Children’s Place by 201.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 13,834 shares of the company’s stock worth $1,288,000 after acquiring an additional 9,243 shares during the period. Morgan Stanley grew its holdings in The Children’s Place by 21.7% during the 2nd quarter. Morgan Stanley now owns 216,030 shares of the company’s stock worth $20,103,000 after acquiring an additional 38,552 shares during the period. Finally, Walleye Capital LLC acquired a new stake in The Children’s Place during the 2nd quarter worth $356,000.
Shares of NASDAQ PLCE traded down $0.45 during mid-day trading on Friday, reaching $83.16. The company had a trading volume of 781,048 shares, compared to its average volume of 537,699. The Children’s Place has a twelve month low of $24.15 and a twelve month high of $107.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.22 and a current ratio of 0.91. The stock has a market capitalization of $1.22 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.97 and a beta of 2.26. The stock’s 50 day moving average is $89.31 and its 200-day moving average is $85.27.
The Children’s Place Company Profile
The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.
See Also: What is intrinsic value?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The Children's Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Children's Place and related companies with MarketBeat.com's FREE daily email newsletter.