Childrens Place Inc (NASDAQ:PLCE) posted its earnings results on Tuesday. The company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.08, MarketBeat reports. The company earned $498.50 million during the quarter, compared to the consensus estimate of $499.15 million.
In related news, CFO Anurup Pruthi sold 1,037 shares of the company’s stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of $58.59, for a total value of $60,757.83. Following the sale, the chief financial officer now owns 8,044 shares in the company, valued at approximately $471,297.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Childrens Place (NASDAQ:PLCE) opened at 70.68 on Tuesday. The stock has a 50 day moving average price of $65.90 and a 200 day moving average price of $58.54. The stock has a market capitalization of $1.41 billion and a PE ratio of 25.93. Childrens Place has a 12 month low of $46.74 and a 12 month high of $70.84.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 28th. Stockholders of record on Thursday, April 7th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.13%. This is a boost from Childrens Place’s previous quarterly dividend of $0.15.
PLCE has been the topic of a number of recent research reports. Susquehanna raised their target price on Childrens Place from $69.00 to $76.00 in a report on Tuesday, January 19th. FBR & Co. initiated coverage on Childrens Place in a report on Wednesday, January 13th. They issued a “buy” rating on the stock. Mizuho raised their target price on Childrens Place from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, January 7th. TheStreet upgraded Childrens Place to a “buy” rating in a report on Tuesday, January 5th. Finally, Zacks Investment Research upgraded Childrens Place from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Sunday, January 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. Childrens Place has a consensus rating of “Hold” and an average target price of $69.44.
The Children’s Place, Inc (NASDAQ:PLCE) is a pure-play children’s specialty apparel retailer in North America. The Company sells apparel, accessories, footwear and other items for children in sizes 0 to 14. The Company operates through two segments: The Children’s Place U.S.
Source: Financial Market News