Children’s Place (NASDAQ:PLCE – Get Free Report) announced its quarterly earnings data on Friday. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates of ($2.15) by $1,001.15, Zacks reports.
Children’s Place Price Performance
NASDAQ PLCE traded down $0.11 during trading on Friday, reaching $3.48. 664,804 shares of the company’s stock were exchanged, compared to its average volume of 424,296. The business has a 50 day moving average price of $3.45 and a 200-day moving average price of $4.28. The stock has a market capitalization of $77.29 million, a P/E ratio of -0.87 and a beta of 1.90. Children’s Place has a fifty-two week low of $2.76 and a fifty-two week high of $9.56.
Wall Street Analysts Forecast Growth
Separately, UBS Group lifted their target price on Children’s Place from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $4.00.
Hedge Funds Weigh In On Children’s Place
Institutional investors have recently bought and sold shares of the business. Barclays PLC increased its position in Children’s Place by 1,687.2% during the fourth quarter. Barclays PLC now owns 7,846 shares of the company’s stock worth $31,000 after buying an additional 7,407 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Children’s Place in the fourth quarter valued at approximately $46,000. Prelude Capital Management LLC acquired a new position in shares of Children’s Place in the third quarter valued at approximately $99,000. Engineers Gate Manager LP acquired a new position in shares of Children’s Place in the fourth quarter valued at approximately $81,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Children’s Place in the fourth quarter valued at approximately $94,000.
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.
Read More
- Five stocks we like better than Children’s Place
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Receive News & Ratings for Children's Place Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Children's Place and related companies with MarketBeat.com's FREE daily email newsletter.
