Children’s Place (NASDAQ:PLCE – Get Rating) issued its earnings results on Wednesday. The company reported ($2.00) EPS for the quarter, missing the consensus estimate of ($1.77) by ($0.23), Briefing.com reports. The firm had revenue of $321.60 million during the quarter, compared to analyst estimates of $338.46 million. Children’s Place had a negative return on equity of 0.57% and a negative net margin of 0.07%. Children’s Place’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. Children’s Place updated its Q2 guidance to ($2.20)-($2.15) EPS and its FY24 guidance to $1.00-1.50 EPS.
Children’s Place Stock Down 21.4 %
Shares of Children’s Place stock opened at $18.68 on Thursday. The business’s fifty day moving average price is $31.99 and its two-hundred day moving average price is $36.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.87 and a quick ratio of 0.18. The company has a market capitalization of $231.63 million, a P/E ratio of -44.48 and a beta of 1.97. Children’s Place has a 1-year low of $17.62 and a 1-year high of $57.00.
Wall Street Analyst Weigh In
Several brokerages have recently commented on PLCE. UBS Group decreased their target price on Children’s Place from $40.00 to $20.00 in a research report on Thursday. B. Riley assumed coverage on Children’s Place in a report on Thursday, May 11th. They issued a “buy” rating and a $50.00 price target on the stock. TheStreet downgraded Children’s Place from a “c” rating to a “d+” rating in a report on Thursday, March 16th. Telsey Advisory Group cut 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, March 17th. Finally, StockNews.com assumed coverage on Children’s Place in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.00.
Institutional Trading of Children’s Place
Children’s Place Company Profile
The Children’s Place, Inc engages in the provision of apparel, footwear, accessories, and other items for children. The firm 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. It operates through The Children’s Place U.S.
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