Children’s Place (NASDAQ:PLCE – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of ($1.10) by $1.40, Yahoo Finance reports. Children’s Place had a negative net margin of 10.56% and a negative return on equity of 233.44%.
Children’s Place Stock Performance
Shares of Children’s Place stock opened at $9.10 on Thursday. Children’s Place has a 52-week low of $4.77 and a 52-week high of $38.03. The firm has a 50-day moving average of $7.07 and a 200-day moving average of $9.61. The stock has a market cap of $115.64 million, a PE ratio of -0.70 and a beta of 2.15.
Wall Street Analyst Weigh In
PLCE has been the subject of a number of research analyst reports. Telsey Advisory Group reaffirmed 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. StockNews.com cut shares of Children’s Place from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Finally, UBS Group reduced their target price on shares of Children’s Place from $24.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.50.
About Children’s Place
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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