Children’s Place (NASDAQ:PLCE) Updates Q1 Earnings Guidance

Children’s Place (NASDAQ:PLCE – Get Rating) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of (1.90)-(1.60) for the period, compared to the consensus earnings per share estimate of ($1.18). The company issued revenue guidance of $335-345 million, compared to the consensus revenue estimate of $342.53 million. Children’s Place also updated its FY 2023 guidance to $2.50-$3.00 EPS.

Analysts Set New Price Targets

Several research firms recently issued reports on PLCE. Monness Crespi & Hardt reduced their price target on shares of Children’s Place to $50.00 in a research report on Monday, November 21st. TheStreet downgraded shares of Children’s Place from a c rating to a d+ rating in a report on Thursday. Telsey Advisory Group cut 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 report on Friday. Finally, StockNews.com began coverage on shares of Children’s Place in a report on Thursday. They set a hold rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $48.40.

Children’s Place Trading Down 1.4 %

NASDAQ PLCE opened at $38.05 on Friday. The stock has a market capitalization of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00. Children’s Place has a one year low of $29.20 and a one year high of $57.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.17. The business’s fifty day moving average is $42.08 and its 200-day moving average is $39.08.

Children’s Place (NASDAQ:PLCE – Get Rating) last released its earnings results on Thursday, March 16th. The company reported ($3.87) EPS for the quarter, topping analysts’ consensus estimates of ($4.18) by $0.31. The company had revenue of $456.10 million for the quarter, compared to analysts’ expectations of $455.34 million. Children’s Place had a return on equity of 43.35% and a net margin of 5.02%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.02 EPS. Equities research analysts predict that Children’s Place will post -0.57 EPS for the current year.

Institutional Investors Weigh In On Children’s Place

A number of hedge funds have recently made changes to their positions in the business. Captrust Financial Advisors raised its stake in Children’s Place by 25.5% in the 2nd quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after acquiring an additional 226 shares during the period. State of Wyoming raised its stake in Children’s Place by 45.7% in the 4th quarter. State of Wyoming now owns 858 shares of the company’s stock valued at $31,000 after acquiring an additional 269 shares during the period. Legal & General Group Plc raised its stake in Children’s Place by 1.1% in the 4th quarter. Legal & General Group Plc now owns 33,056 shares of the company’s stock valued at $1,204,000 after acquiring an additional 348 shares during the period. Royal Bank of Canada raised its stake in Children’s Place by 17.0% in the 1st quarter. Royal Bank of Canada now owns 2,667 shares of the company’s stock valued at $132,000 after acquiring an additional 388 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Children’s Place by 51.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock valued at $43,000 after acquiring an additional 399 shares during the period. 98.73% of the stock is currently 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.