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

Children’s Place (NASDAQ:PLCEGet 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, 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, 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, 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

(Get Rating)

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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Earnings History for Children's Place (NASDAQ:PLCE)

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