Children’s Place (NASDAQ:PLCE) Issues Earnings Results

Children’s Place (NASDAQ:PLCE – Get Rating) released its earnings results on Thursday. The company reported ($3.87) earnings per share for the quarter, beating the consensus estimate of ($4.18) by $0.31, Briefing.com reports. Children’s Place had a net margin of 5.02% and a return on equity of 43.35%. The firm had revenue of $456.10 million during the quarter, compared to analyst estimates of $455.34 million. During the same quarter in the previous year, the firm earned $3.02 earnings per share. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year.

Children’s Place Price Performance

Shares of NASDAQ PLCE traded down $0.55 during trading on Friday, hitting $38.05. The company had a trading volume of 1,634,646 shares, compared to its average volume of 491,260. Children’s Place has a 52 week low of $29.20 and a 52 week high of $57.00. The business’s 50-day moving average is $42.08 and its 200 day moving average is $39.08. The company has a market cap of $465.35 million, a P/E ratio of 5.98 and a beta of 2.00. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 0.97.

Hedge Funds Weigh In On Children’s Place

Hedge funds have recently modified their holdings of the stock. State of Wyoming raised its holdings in Children’s Place by 45.7% during the 4th quarter. State of Wyoming now owns 858 shares of the company’s stock worth $31,000 after buying an additional 269 shares during the period. Captrust Financial Advisors grew its stake in Children’s Place by 125.4% in the first quarter. Captrust Financial Advisors now owns 888 shares of the company’s stock valued at $44,000 after purchasing an additional 494 shares in the last quarter. Western Standard LLC bought a new stake in shares of Children’s Place in the 4th quarter valued at approximately $40,000. PNC Financial Services Group Inc. increased its holdings in Children’s Place by 51.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,171 shares of the company’s stock worth $43,000 after buying an additional 399 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its position in Children’s Place by 1,517.3% during the first quarter. Point72 Hong Kong Ltd now owns 1,213 shares of the company’s stock valued at $60,000 after acquiring an additional 1,138 shares in the last quarter. 98.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Monness Crespi & Hardt cut their target price on shares of Children’s Place to $50.00 in a report on Monday, November 21st. TheStreet lowered Children’s Place from a “c” rating to a “d+” rating in a research report on Thursday. Telsey Advisory Group dropped their target price on Children’s Place from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday. Finally, StockNews.com initiated coverage on shares of Children’s Place in a research report on Thursday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.40.

Children’s Place Company Profile

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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.