Children’s Place (NASDAQ:PLCE – Get Rating) posted its quarterly earnings data on Thursday. The company reported ($3.87) earnings per share for the quarter, topping 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 company had revenue of $456.10 million during the quarter, compared to analysts’ expectations of $455.34 million. During the same period in the prior year, the company posted $3.02 earnings per share. Children’s Place’s revenue for the quarter was down 10.2% compared to the same quarter last year.
Children’s Place Stock Down 1.4 %
NASDAQ:PLCE traded down $0.55 during trading hours on Friday, reaching $38.05. The company had a trading volume of 1,634,646 shares, compared to its average volume of 491,260. The company has a quick ratio of 0.17, a current ratio of 0.97 and a debt-to-equity ratio of 0.23. The firm has a market cap of $465.35 million, a price-to-earnings ratio of 5.98 and a beta of 2.00. The business’s 50-day simple moving average is $42.08 and its two-hundred day simple moving average is $39.08. Children’s Place has a twelve month low of $29.20 and a twelve month high of $57.00.
Analyst Ratings Changes
PLCE has been the subject of several recent analyst reports. Monness Crespi & Hardt decreased their price objective on shares of Children’s Place to $50.00 in a research report on Monday, November 21st. TheStreet cut shares of Children’s Place from a “c” rating to a “d+” rating in a research report on Thursday. StockNews.com initiated coverage on shares of Children’s Place in a research report on Thursday. They set a “hold” rating for the company. Finally, Telsey Advisory Group decreased their price objective on shares of Children’s Place from $46.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.40.
Institutional Investors Weigh In On Children’s Place
Children’s Place Company Profile
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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