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

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

Large investors have recently bought and sold shares of the stock. State of Wyoming grew its holdings in Children’s Place by 45.7% in the fourth 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 bought a new position in shares of Children’s Place in the fourth quarter valued at $40,000. PNC Financial Services Group Inc. lifted its stake in shares of 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 valued at $43,000 after buying an additional 399 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Children’s Place by 25.5% in the second quarter. Captrust Financial Advisors now owns 1,114 shares of the company’s stock valued at $43,000 after buying an additional 226 shares in the last quarter. Finally, Alpha Paradigm Partners LLC bought a new position in shares of Children’s Place in the third quarter valued at $49,000. 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.