Children’s Place (NASDAQ:PLCE – Get Free Report) posted its earnings results on Wednesday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40, Yahoo Finance reports. The firm had revenue of $319.66 million for the quarter. Children’s Place had a negative return on equity of 254.98% and a negative net margin of 10.52%.
Children’s Place Price Performance
NASDAQ PLCE traded up $1.97 on Friday, hitting $13.31. The company had a trading volume of 4,039,229 shares, compared to its average volume of 1,534,527. The company’s fifty day moving average price is $7.14 and its 200-day moving average price is $9.62. The company has a market capitalization of $169.17 million, a PE ratio of -1.00 and a beta of 2.15. Children’s Place has a 12-month low of $4.77 and a 12-month high of $38.03.
Analyst Ratings Changes
Several research firms have commented on PLCE. StockNews.com lowered Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target on shares of Children’s Place in a research report on Wednesday, May 22nd. Finally, UBS Group decreased their price objective on shares of Children’s Place from $24.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $14.50.
Children’s Place Company Profile
The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.
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