Children’s Place (NASDAQ:PLCE – Get Free Report) announced its earnings results on Friday. The company reported ($2.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.15) by $0.15, Zacks reports. The company had revenue of $215.23 million for the quarter, compared to the consensus estimate of $198.32 million.
Children’s Place Trading Down 3.1%
Shares of PLCE opened at $3.48 on Friday. The stock’s 50 day moving average is $3.45 and its two-hundred day moving average is $4.28. Children’s Place has a 12 month low of $2.76 and a 12 month high of $9.56. The firm has a market cap of $77.29 million, a P/E ratio of -0.87 and a beta of 1.90.
Wall Street Analyst Weigh In
Separately, UBS Group upped their price target on Children’s Place from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $4.00.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Shay Capital LLC grew its stake in Children’s Place by 897.1% during the 2nd quarter. Shay Capital LLC now owns 308,322 shares of the company’s stock worth $1,366,000 after purchasing an additional 277,401 shares in the last quarter. Marshall Wace LLP increased its position in Children’s Place by 2,181.2% during the fourth quarter. Marshall Wace LLP now owns 297,921 shares of the company’s stock worth $1,186,000 after buying an additional 284,861 shares during the period. Geode Capital Management LLC raised its position in Children’s Place by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 154,654 shares of the company’s stock valued at $685,000 after purchasing an additional 5,630 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Children’s Place by 147.8% during the third quarter. Bank of America Corp DE now owns 98,851 shares of the company’s stock worth $614,000 after buying an additional 58,954 shares during the period. Finally, 683 Capital Management LLC purchased a new position in shares of Children’s Place in the 4th quarter valued at approximately $315,000.
Children’s Place Company Profile
The Children’s Place, Inc (NASDAQ: PLCE) is a leading specialty retailer of children’s apparel, footwear and accessories, operating an omnichannel platform that serves families across North America. Headquartered in Secaucus, New Jersey, the company combines an extensive network of brick-and-mortar stores with a full-service e-commerce site to deliver a wide range of private-label products for newborns, toddlers and kids up to pre-teen. By focusing on value-priced, fashion-forward merchandise, The Children’s Place has built a recognizable brand in the youth apparel market.
The company’s product portfolio encompasses core categories such as tops, bottoms, sleepwear and outerwear, along with footwear and seasonal accessories.
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