Childrens Place Inc(NASDAQ:PLCE) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $473.78M. Analysts estimated a revenue of $461.98M. The revenues were $11.80M or 2.55% above the estimates. Earnings per share were $2.29. The reported EPS was above estimates by $0.27 or 13.37%. Analysts had estimated an EPS of $2.02.
In a different note, On Sep 21, 2016, Piper Jaffray said it Downgrades its rating on Childrens Place Inc. In the research note, the firm Lowers the price-target to $99.00 per share. The shares have been rated ‘Neutral’ by the firm.
Childrens Place Inc (PLCE) made into the market gainers list on Mondays trading session with the shares advancing 0.25% or 0.25 points. Due to strong positive momentum, the stock ended at $99.45, which is also near the day’s high of $101.5. The stock began the session at $99.2 and the volume stood at 10,38,079 shares. The 52-week high of the shares is $101.5 and the 52 week low is $47.07. The company has a current market capitalization of $1,825 M and it has 1,83,54,296 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Sep 21, 2016, Anurup Pruthi (Senior Vice President, CFO) sold 601 shares at $84.01 per share price.Also, On Aug 24, 2016, Michael Scarpa (Chief Operating Officer) sold 15,463 shares at $85.47 per share price.On May 25, 2016, Joseph A Alutto (director) sold 15,000 shares at $74.28 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).