Children’s Place (NASDAQ:PLCE) Announces Earnings Results

Children’s Place (NASDAQ:PLCE) issued its quarterly earnings results on Tuesday. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $2.63 by ($0.59), RTT News reports. Children’s Place had a negative return on equity of 4,732.98% and a negative net margin of 10.52%. During the same quarter in the prior year, the business posted $3.22 earnings per share.

Children’s Place Price Performance

Shares of Children’s Place stock traded down $3.90 during midday trading on Tuesday, reaching $12.25. 1,390,176 shares of the company’s stock traded hands, compared to its average volume of 1,426,739. The stock has a 50 day moving average of $14.20 and a 200-day moving average of $10.75. Children’s Place has a 12 month low of $4.77 and a 12 month high of $38.03.

Analyst Upgrades and Downgrades

A number of brokerages have commented on PLCE. StockNews.com cut shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. UBS Group reduced their target price on shares of Children’s Place from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

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.