Sterne Agee Has Negative Earnings Outlook Update for Children’s Place Retail Stores (PLCE)

By admin | 6 years ago

Equities researchers at Sterne Agee dropped their earnings per share (EPS) estimates on shares of Children’s Place Retail Stores (NASDAQ: PLCE) in a report issued on Tuesday. The firm currently has a $47.00 target price on the company’s shares.

Shares of Children’s Place Retail Stores opened at 46.10 on Tuesday. Children’s Place Retail Stores has a 52 week low of $36.96 and a 52 week high of $57.55. The company has a market cap of $1.129 billion and a P/E ratio of 15.32.

The company last announced its quarterly results on Wednesday, March 7th. It reported $0.87 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.89 EPS by $0.02. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Children’s Place Retail Stores will post $-0.50 earnings per share next quarter.

PLCE has been the subject of a number of other recent research reports. Analysts at Monness, Crespi, Hardt upgraded shares of Children’s Place Retail Stores to a “buy” rating in a research note to investors on Thursday, March 8th. Separately, analysts at Janney Montgomery Scott cut their price target on shares of Children’s Place Retail Stores from $60.00 to $58.00 in a research note to investors on Thursday, March 8th. They now have a “buy” rating on the stock. Finally, analysts at Wedbush downgraded shares of Children’s Place Retail Stores from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, February 15th. They now have a $46.00 price target on the stock, down previously from $53.00.

The Children’s Place Retail Stores, Inc. (The Children’s Place) is a pure-play children’s specialty apparel retailer in North America.

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