Children’s Place (NASDAQ:PLCE) Posts Quarterly Earnings Results

Children’s Place (NASDAQ:PLCE – Get Rating) released its quarterly earnings data on Thursday. The company reported ($3.87) EPS 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 business had revenue of $456.10 million during the quarter, compared to the consensus estimate of $455.34 million. During the same quarter in the prior year, the firm earned $3.02 EPS. The business’s revenue was down 10.2% on a year-over-year basis.

Children’s Place Stock Down 1.4 %

PLCE stock opened at $38.05 on Friday. The stock has a market capitalization of $465.35 million, a P/E ratio of 5.98 and a beta of 2.00. The firm has a 50-day simple moving average of $42.08 and a 200-day simple moving average of $39.08. The company has a quick ratio of 0.17, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. Children’s Place has a 52 week low of $29.20 and a 52 week high of $57.00.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PLCE. Monness Crespi & Hardt lowered their price target on shares of Children’s Place to $50.00 in a report on Monday, November 21st. Telsey Advisory Group reduced 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 research report on Friday. TheStreet lowered shares of Children’s Place from a “c” rating to a “d+” rating in a report on Thursday. Finally, StockNews.com initiated coverage on shares of Children’s Place in a report on Thursday. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $48.40.

Hedge Funds Weigh In On Children’s Place

A number of institutional investors and hedge funds have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. acquired a new position in Children’s Place in the 4th quarter valued at about $20,294,000. Renaissance Technologies LLC increased its stake in Children’s Place by 73.5% during the 1st quarter. Renaissance Technologies LLC now owns 348,360 shares of the company’s stock worth $17,174,000 after buying an additional 147,600 shares during the period. Two Sigma Investments LP purchased a new stake in Children’s Place during the 4th quarter worth approximately $3,863,000. Arrowstreet Capital Limited Partnership increased its stake in Children’s Place by 65.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 248,368 shares of the company’s stock worth $9,046,000 after buying an additional 98,022 shares during the period. Finally, Millennium Management LLC increased its stake in Children’s Place by 26.0% during the 4th quarter. Millennium Management LLC now owns 368,535 shares of the company’s stock worth $13,422,000 after buying an additional 75,972 shares during the period. 98.73% of the stock is currently owned by institutional investors and hedge funds.

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.