Children’s Place (NASDAQ:PLCE – Get Rating) issued its quarterly earnings data on Thursday. The company reported ($3.87) earnings per share for the quarter, beating the consensus estimate of ($4.18) by $0.31, Briefing.com reports. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. The company had revenue of $456.10 million for the quarter, compared to analyst estimates of $455.34 million. During the same period in the prior year, the firm earned $3.02 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis.
Children’s Place Trading Down 1.4 %
Shares of Children’s Place stock opened at $38.05 on Friday. The company has a market capitalization of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00. The company has a quick ratio of 0.17, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. Children’s Place has a 12-month low of $29.20 and a 12-month high of $57.00. The firm’s 50-day moving average price is $42.08 and its two-hundred day moving average price is $39.08.
Analysts Set New Price Targets
PLCE has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of Children’s Place in a research report on Thursday. They set a “hold” rating on the stock. Monness Crespi & Hardt lowered their price target on shares of Children’s Place to $50.00 in a research report on Monday, November 21st. Telsey Advisory Group lowered their price target on shares of Children’s Place from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, TheStreet lowered shares of Children’s Place from a “c” rating to a “d+” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.40.
Institutional Investors Weigh In On Children’s Place
About Children’s Place
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.
- Get a free copy of the StockNews.com research report on Children’s Place (PLCE)
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