Children’s Place (NASDAQ:PLCE – Get Rating) released its quarterly earnings results on Thursday. The company reported ($3.87) EPS for the quarter, beating the consensus estimate of ($4.18) by $0.31, Briefing.com reports. The business had revenue of $456.10 million for the quarter, compared to the consensus estimate of $455.34 million. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. Children’s Place’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.02 earnings per share.
Children’s Place Stock Down 1.4 %
PLCE stock opened at $38.05 on Friday. The stock has a market capitalization of $465.35 million, a P/E ratio of 5.98 and a beta of 2.00. The company has a current ratio of 0.97, a quick ratio of 0.17 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 has a 50-day moving average price of $42.08 and a 200-day moving average price of $39.08.
Analyst Ratings Changes
PLCE has been the topic of a number of analyst reports. TheStreet downgraded shares of Children’s Place from a “c” rating to a “d+” rating in a research note on Thursday. Monness Crespi & Hardt reduced their price objective on shares of Children’s Place to $50.00 in a research note on Monday, November 21st. StockNews.com initiated coverage on shares of Children’s Place in a research note on Thursday. They set a “hold” rating on the stock. Finally, Telsey Advisory Group reduced their price objective on shares of Children’s Place from $46.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $48.40.
Institutional Inflows and Outflows
Children’s Place Company Profile
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.
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