Childrens Place (PLCE) Earning Favorable Press Coverage, Analysis Shows

Xavier Trudeau
Mai 19, 2017

Macquarie Group Ltd.'s holdings in Childrens Place were worth $717,000 at the end of the most recent quarter. AlphaOne, a unit of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. A PEG Ratio under one may indicate that the company is undervalued. Childrens Place updated its Q2 guidance to $0.70-0.75 EPS.

Shares of Childrens Place (NASDAQ:PLCE) opened at 111.60 on Thursday. The firm has a 50-day moving average price of $114.91 and a 200 day moving average price of $104.79. Childrens Place has a 12-month low of $69.86 and a 12-month high of $125.30. The stock has a market capitalization of $1.99 billion, a PE ratio of 20.96 and a beta of 0.41.

First-quarter adjusted net income was $35.9 million, or $1.95 per share, compared to adjusted net income of $25.8 million, or $1.32 per share, in the first quarter previous year, a 48The Children's Place Increases FY17 Adj. earnings Guidance - Quick Facts% increase in adjusted net income per share.

In terms of earnings per share, 9 analysts have a 0.21 EPS mean target for the quarter ending Jul-17, for the quarter ending Oct-17, 9 analysts have a 2.61 EPS mean target and for the quarter ending Oct-17 there are 11 estimates of 5.16 EPS. It also came in above Wall Street's revenue estimate of $422.47 million for the quarter. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Some of these risks and uncertainties are described in the Company's filings with the Securities and Exchange Commission, including in the "Risk Factors" section of its annual report on Form 10-K for the fiscal year ended January 28, 2017. Investors of record on Monday, June 19th will be paid a dividend of $0.40 per share.

On 5/18/2017 announced a quarterly dividend of $0.40 with an ex dividend date of which will be payable on 6/19/2017. This represents a $1.60 dividend on an annualized basis and a yield of 1.43%.

Jane Elfers, President and Chief Executive Officer, commented, "We continued to deliver outstanding operating results in Q1 and the continuation of our quarterly dividend is a further reflection of our confidence in our ability to execute on our strategic initiatives and our continuing commitment to return excess capital to shareholders".

Receive Children's Place, Inc.

PLCE has been the subject of a number of research reports. FBR & Co reiterated a "buy" rating on shares of Childrens Place in a report on Tuesday, April 18th.

11/14/2016 - The Children's Place Retail Stores, Inc. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. They set a "buy" rating and a $120.00 price target for the company. Childrens Place's quarterly revenue was up 4.5% compared to the same quarter past year. Finally, Mizuho reiterated a "buy" rating and issued a $140.00 price objective (up from $110.00) on shares of Childrens Place in a report on Saturday, March 11th.

Several other large investors have also recently bought and sold shares of the company. The stock presently has an average rating of "Buy" and a consensus price target of $116.71. Wedge Capital Management L L P NC boosted its stake in Childrens Place by 3.3% in the first quarter. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of United States and worldwide copyright and trademark laws.

COPYRIGHT VIOLATION NOTICE: "Childrens Place (PLCE) Earning Favorable Press Coverage, Analysis Shows" was reported by The Cerbat Gem and is owned by of The Cerbat Gem. The shares were sold at an average price of $118.48, for a total transaction of $865,377.92.

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