Childrens Place Inc (PLCE) reported quarterly earnings results on Tuesday, May-17-2016. The company said it had a profit of $1.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.28. Analysts had a consensus of $1.04. The company posted revenue of $419.40 million in the period, compared to analysts expectations of $417.56 million. The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on Childrens Place Inc. Company shares were Upgraded by Piper Jaffray on Mar 17, 2016 to ” Overweight”, Firm has raised the Price Target to $ 92 from a previous price target of $69 .Company shares were Reiterated by FBR Capital on Mar 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 85 from a previous price target of $76 .Company shares were Reiterated by Wolfe Research on Mar 16, 2016 to “Outperform”, Firm has raised the Price Target to $ 82 from a previous price target of $80 .
Childrens Place Inc opened for trading at $67.16 and hit $68.77 on the upside on Monday, eventually ending the session at $68.23, with a gain of 1.26% or 0.85 points. The heightened volatility saw the trading volume jump to 17,53,798 shares. Company has a market cap of $1,305 M.
In a different news, on May 10, 2016, Gregory I Poole (Senior VP, Global Sourcing) sold 868 shares at $72.06 per share price. According to the SEC, on May 10, 2016, Kevin Low (SVP, Store Operations) sold 723 shares at $72.06 per share price. On Apr 21, 2016, Michael Scarpa (Chief Operating Officer) sold 5,027 shares at $82.24 per share price, according to the Form-4 filing with the securities and exchange commission.
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 in sizes 0 to 14. The Company operates through two segments: The Children’s Place U.S. and The Children’s Place International. The Children’s Place U.S. segment includes its United States and Puerto Rico-based stores and revenue from its United States wholesale partners. The Children’s Place International segment includes its Canadian stores revenue from the Company’s Canada wholesale partner as well as revenue from international franchisees. The Company designs contracts to manufacture and licenses to sell merchandise under brand names such as The Children’s Place Place and Baby Place. The Children’s Place has various departments and serves the wardrobe needs of girls and boys (sizes 4 to 14) baby girls and boys (sizes 12 months to 5T) and newborn (sizes 0 to 18 months).