Children’s Place (NASDAQ:PLCE) Announces Quarterly Earnings Results, Beats Expectations By $1.40 EPS

Children’s Place (NASDAQ:PLCE) released its quarterly earnings data on Wednesday. The company reported $0.30 EPS for the quarter, topping the consensus estimate of ($1.10) by $1.40, Yahoo Finance reports. Children’s Place had a negative return on equity of 233.44% and a negative net margin of 10.56%.

Children’s Place Stock Up 85.7 %

Children’s Place stock opened at $9.10 on Thursday. The business has a 50-day simple moving average of $7.07 and a two-hundred day simple moving average of $9.61. The company has a market cap of $115.64 million, a P/E ratio of -0.70 and a beta of 2.15. Children’s Place has a 52-week low of $4.77 and a 52-week high of $38.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PLCE shares. StockNews.com downgraded Children’s Place from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Telsey Advisory Group reiterated a “market perform” rating and issued a $9.00 price objective on shares of Children’s Place in a report on Wednesday, May 22nd. Finally, UBS Group reduced their price objective on Children’s Place from $24.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $14.50.

Children’s Place Company Profile

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.