Children’s Place (NASDAQ:PLCE) Announces Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Children’s Place (NASDAQ:PLCE – Get Rating) announced its earnings results on Thursday. The company reported ($3.87) EPS for the quarter, topping the consensus estimate of ($4.18) by $0.31, Briefing.com reports. The firm had revenue of $456.10 million for the quarter, compared to the consensus estimate of $455.34 million. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.02 EPS.

Children’s Place Stock Performance

NASDAQ:PLCE opened at $38.05 on Friday. The firm’s 50-day moving average is $42.08 and its 200-day moving average is $39.08. Children’s Place has a 52-week low of $29.20 and a 52-week high of $57.00. 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 company has a market cap of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming boosted its position in shares of Children’s Place by 45.7% during 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 in the last quarter. Western Standard LLC acquired a new stake in shares of Children’s Place during the 4th quarter valued at about $40,000. PNC Financial Services Group Inc. boosted its position in shares of Children’s Place by 51.7% during 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 in the last quarter. Captrust Financial Advisors boosted its position in shares of Children’s Place by 25.5% during 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 in the last quarter. Finally, Alpha Paradigm Partners LLC acquired a new stake in shares of Children’s Place during the 3rd quarter valued at about $49,000. Institutional investors own 98.73% of the company’s stock.

Analyst Ratings Changes

PLCE has been the topic of several recent analyst reports. TheStreet downgraded shares of Children’s Place from a “c” rating to a “d+” rating in a report on Thursday. Telsey Advisory Group dropped their target price 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. StockNews.com started coverage on shares of Children’s Place in a report on Thursday. They set a “hold” rating on the stock. Finally, Monness Crespi & Hardt dropped their price objective on shares of Children’s Place to $50.00 in a report on Monday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.40.

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.