FY2022 EPS estimates for The Children’s Place, Inc. (NASDAQ: PLCE) supported by B. Riley

The Children’s Place, Inc. (NASDAQ: PLCE) – B. Riley lifted his FY2022 EPS estimates for shares of Children’s Place in a research note released on Friday, January 7. B. Riley analyst S. Anderson now expects the company to post earnings of $ 13.18 per share for the year, up from its previous estimate of $ 12.83. B. Riley also released Children’s Place earnings estimates for fiscal 2024 at $ 12.22 EPS.

A number of other equity research analysts also commented on the PLCE. Telsey Advisory Group raised its price target on Children’s Place from $ 125 to $ 130.00 and gave the company an “outperformance” rating in a research report released on Friday, November 19. TheStreet downgraded Children’s Place from a “c” to a “b-” grade in a research report released on Thursday, November 18. Citigroup raised its price target on Children’s Place from $ 105 to $ 115 and gave the company a “neutral” rating in a research report published on Friday, November 19. Finally, Monness Crespi & Hardt raised its price target on Children’s Place from $ 120.00 to $ 132.00 and gave the company a “buy” rating in a research report on Friday, November 19. Three analysts rated the stock with a conservation rating and four issued a buy rating for the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $ 118.57.

Shares of PLCE opened at $ 72.22 on Monday. The company has a 50-day simple moving average of $ 88.77 and a two-hundred-day simple moving average of $ 88.12. Children’s Place has a 12-month minimum of $ 51.54 and a 12-month maximum of $ 113.50. The stock has a market cap of $ 1.04 billion, a PE ratio of 6.92 and a beta of 2.14. The company has a quick ratio of 0.26, a current ratio of 0.97, and a debt ratio of 0.22. Children’s Place (NASDAQ: PLCE) last released its results on Thursday, November 18. The company reported earnings per share (EPS) of $ 5.43 for the quarter, beating analyst consensus estimates of $ 4.40 by $ 1.03. Children’s Place achieved a return on equity of 108.28% and a net margin of 8.29%. The company posted revenue of $ 558.20 million in the quarter, compared to analysts’ expectations of $ 566.42 million. In the same quarter of the previous year, the company achieved EPS of $ 1.44. The company’s revenue for the quarter increased 31.2% compared to the same quarter last year.

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Meanwhile, CEO Jane T. Elfers sold 62,259 shares of the company in a transaction that took place on Monday, November 22. The stock was sold for an average price of $ 104.09, for a total trade of $ 6,480,539.31. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In addition, director Joseph A. Alutto sold 5,424 shares of the company in a transaction that took place on Monday, January 3. The stock was sold for an average price of $ 79.13, for a total value of $ 429,201.12. Disclosure of this sale can be found here. 5.01% of the shares are held by company insiders.

Hedge funds have recently bought and sold stocks. First Trust Advisors LP increased its stake in the shares of Children’s Place by 98.8% in the first quarter. First Trust Advisors LP now owns 10,020 shares of the company valued at $ 975,000 after purchasing an additional 4,979 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in the shares of Children’s Place by 12.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 13,865 shares of the company valued at $ 1,349,000 after purchasing an additional 1,502 shares during the last quarter. Advisor Group Holdings Inc. increased its stake in Children’s Place shares by 241.7% in the second quarter. Advisor Group Holdings Inc. now owns 9,473 shares of the company valued at $ 882,000 after purchasing an additional 6,701 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in the shares of Children’s Place by 2.4% in the second quarter. Envestnet Asset Management Inc. now owns 6,901 shares of the company valued at $ 642,000 after purchasing 161 additional shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in the shares of Children’s Place by 7.0% in the second quarter. Mutual of America Capital Management LLC now owns 2,085 shares of the company valued at $ 194,000 after purchasing 136 additional shares in the last quarter.

Company Profile Children’s Place

The Children’s Place, Inc provides clothing, footwear, accessories and other items for children. She also designs, contracts to manufacture and sell trendy and inexpensive merchandise under the brands The Children’s Place, Baby Place and Gymboree. The company operates in the following segments: Children’s Place US

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Earnings History and Estimates for Children's Place (NASDAQ: PLCE)

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