Children’s Place (NASDAQ:PLCE – Get Rating) announced its earnings results on Thursday. The company reported ($3.87) earnings per share (EPS) for the quarter, beating the consensus estimate of ($4.18) by $0.31, Briefing.com reports. Children’s Place had a return on equity of 43.35% and a net margin of 5.02%. The business had revenue of $456.10 million for the quarter, compared to analysts’ expectations of $455.34 million. During the same quarter last year, the firm earned $3.02 EPS. The business’s revenue for the quarter was down 10.2% on a year-over-year basis.
Children’s Place Price Performance
Children’s Place stock traded down $0.55 during trading on Friday, reaching $38.05. The company had a trading volume of 1,634,646 shares, compared to its average volume of 491,260. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 0.97. The firm’s 50-day simple moving average is $42.08 and its 200 day simple moving average is $39.08. The firm has a market capitalization of $465.35 million, a PE ratio of 5.98 and a beta of 2.00. Children’s Place has a 1-year low of $29.20 and a 1-year high of $57.00.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on PLCE shares. TheStreet lowered shares of Children’s Place from a “c” rating to a “d+” rating in a research report on Thursday. StockNews.com initiated coverage on Children’s Place in a research report on Thursday. They issued a “hold” rating on the stock. Monness Crespi & Hardt cut their price target on shares of Children’s Place to $50.00 in a report on Monday, November 21st. Finally, Telsey Advisory Group lowered their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.40.
Institutional Inflows and Outflows
About Children’s Place
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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