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

Children’s Place (NASDAQ:PLCE – Get Rating) issued its earnings results on Thursday. The company reported ($3.87) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $456.10 million for the quarter, compared to analyst estimates of $455.34 million. During the same period in the prior year, the firm earned $3.02 earnings per share. Children’s Place’s revenue for the quarter 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 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 capitalization of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00. Children’s Place has a fifty-two week low of $29.20 and a fifty-two week high of $57.00. The stock has a fifty day moving average of $42.08 and a 200-day moving average of $39.08.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. State of Wyoming boosted its stake in Children’s Place by 45.7% in the 4th quarter. State of Wyoming now owns 858 shares of the company’s stock worth $31,000 after purchasing an additional 269 shares during the period. Western Standard LLC purchased a new stake in shares of Children’s Place in the 4th quarter valued at about $40,000. PNC Financial Services Group Inc. raised its holdings in shares of Children’s Place by 51.7% in 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 raised its holdings in shares of Children’s Place by 25.5% in 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 purchased a new stake in shares of Children’s Place in the 3rd quarter valued at about $49,000. Institutional investors own 98.73% of the company’s stock.

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.