Children’s Place (NASDAQ:PLCE) Posts Earnings Results, Misses Estimates By $0.13 EPS

Children’s Place (NASDAQ:PLCEGet Free Report) released its quarterly earnings results on Wednesday. The company reported ($1.18) earnings per share for the quarter, missing the consensus estimate of ($1.05) by ($0.13), reports. The firm had revenue of $267.88 million during the quarter, compared to the consensus estimate of $327.38 million. Children’s Place had a negative return on equity of 143.79% and a negative net margin of 10.56%. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.12) EPS.

Children’s Place Stock Down 7.4 %

Shares of NASDAQ PLCE opened at $8.80 on Friday. Children’s Place has a one year low of $6.58 and a one year high of $38.03. The firm’s 50 day simple moving average is $9.82 and its two-hundred day simple moving average is $16.32. The company has a current ratio of 0.73, a quick ratio of 0.15 and a debt-to-equity ratio of 0.42.

Analysts Set New Price Targets

PLCE has been the topic of a number of research analyst reports. UBS Group decreased their target price on Children’s Place from $24.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday. B. Riley upgraded shares of Children’s Place from a “sell” rating to a “neutral” rating and dropped their target price for the company from $12.00 to $7.00 in a research report on Wednesday, April 24th. raised shares of Children’s Place from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $9.00 price objective on shares of Children’s Place in a research report on Wednesday, May 22nd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.50.

Read Our Latest Stock Analysis on Children’s Place

Children’s Place Company Profile

(Get Free Report)

The Children's Place, Inc operates as a children's specialty apparel retailer in North America. It operates through two segments, The Children's Place U.S. and The Children's Place International. The company offers apparel, footwear, accessories, and other items for children and tweens; and designs, contracts to manufacture, and sells merchandise under the proprietary The Children's Place, Place, Baby Place, Gymboree, Sugar & Jade, and PJ Place brand names.

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

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