Children’s Place (NASDAQ:PLCE) Announces Earnings Results, Beats Estimates By $0.31 EPS

Children’s Place (NASDAQ:PLCEGet Rating) announced its earnings results on Thursday. The company reported ($3.87) EPS for the quarter, topping analysts’ consensus estimates of ($4.18) by $0.31, Briefing.com reports. Children’s Place had a return on equity of 43.35% and a net margin of 5.02%. The company had revenue of $456.10 million for the quarter, compared to analysts’ expectations of $455.34 million. During the same period last year, the firm earned $3.02 EPS. Children’s Place’s revenue for the quarter was down 10.2% compared to the same quarter last year.

Children’s Place Price Performance

NASDAQ:PLCE opened at $38.60 on Friday. Children’s Place has a 52 week low of $29.20 and a 52 week high of $57.00. The company has a quick ratio of 0.17, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $42.03 and its two-hundred day simple moving average is $39.09. The stock has a market cap of $472.08 million, a PE ratio of 6.07 and a beta of 2.00.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PLCE. StockNews.com assumed coverage on Children’s Place in a report on Thursday. They issued a “hold” rating on the stock. Telsey Advisory Group decreased their price target on Children’s Place from $46.00 to $44.00 and set a “market perform” rating on the stock in a report on Friday. Finally, Monness Crespi & Hardt decreased their price target on Children’s Place to $50.00 in a report on Monday, November 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Children’s Place presently has an average rating of “Hold” and a consensus price target of $48.40.

Institutional Investors Weigh In On Children’s Place

Large investors have recently made changes to their positions in the company. LPL Financial LLC bought a new stake in shares of Children’s Place in the second quarter worth about $225,000. Quantbot Technologies LP bought a new stake in shares of Children’s Place in the first quarter worth about $225,000. Raymond James & Associates bought a new stake in shares of Children’s Place in the fourth quarter worth about $220,000. Royal Bank of Canada increased its holdings in shares of Children’s Place by 17.0% in the first quarter. Royal Bank of Canada now owns 2,667 shares of the company’s stock worth $132,000 after purchasing an additional 388 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Children’s Place in the third quarter worth about $119,000. 98.73% of the stock is owned by institutional investors.

About Children’s Place

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The Children’s Place, Inc provides apparel, footwear, accessories, and other items for children. It also designs, contracts to manufacture and sell fashionable and value-priced merchandise under the brand names of The Children’s Place, Baby Place, and Gymboree. The firm operates through the following segments: Children’s Place U.S.

Further Reading

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

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